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Arkansas soybean market report – October 12, 2018
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

Price quotations reported by the USDA-Agricultural Marketing Service began late this week for the Arkansas 2018 Crop Soybean Market.  The market was closed on Monday in observance of Columbus Day.  The 2018 crop lost 4 cents over the extended weekend prior to this past week of trading and opened on Tuesday at a statewide average of $8.05 per bushel, still 13 cents above the previous Monday average.  Price fell under the $8.00 level on Wednesday to $7.94 before rallying the final two trading days of the week to its high daily average of the week (Figure 1).  The market closed trading at a Friday statewide average of $8.11, the highest daily average since August 22 and an overall 2 cent gain from the previous Friday closing mark. High daily individual market price of the past week was $8.26 on Friday at Osceola.  Low quote for the week was $7.72 on Wednesday at Wynne.  End-of-the-week quotes saw the Friday closing day prices ranging from a low of $7.88 at Wynne, the only market under $8.00, to the high of $8.26 at Osceola.  The ending quotes represented a range of 38 cents, a 2 cent widening from the previous week closing range.

Figure 1.  AR 2018 Crop Soybean Cash Market Prices (Oct. 8-12, 2018)

Figure 1. AR 2018 Crop Soybean Cash Market Prices (Oct. 8-12, 2018)

(Market average prices stated in this report are unweighted averages of the state markets surveyed by NASS. Price data was based on USDA LR GR111 Arkansas Daily Grain Reports.)

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