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29
Oct
2018
Arkansas soybean market report for October 22-26, 2018
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The Arkansas 2018 Crop Soybean Market had a rather disjointed pattern this past week as no report was published by AMS on Thursday.  The overall trend for the week was lower after the market gained 2 cents over the weekend and opened on Monday at a statewide average of $8.04 per bushel, a 30 cent decline from the opening average of the previous week.  Price held steady on Tuesday, but lost 6 and 4 cents, respectively in Wednesday and Friday trading.  The market closed on Friday at a statewide average of $7.94, an overall 8 cent loss from the previous Friday closing mark (Figure 1).  High daily individual market price of the past week was $8.23 on Tuesday at Helena.  Low quote for the week was $7.65 on Friday at Wynne.  End-of-the-week quotes saw the Friday closing day prices ranging from the low of $7.65 at Wynne to a high of $8.16 at Helena.  The ending quotes represented a range of 51 cents, an 11 cent widening from the previous week closing range.  Of the thirteen reporting markets, only five ended the week above the $8.00 level. All of the thirteen markets provided quotes each day of the past week.

Figure 1.  AR 2018 Crop Soybean Cash Market Prices (Oct. 22-26, 2018)

Figure 1. AR 2018 Crop Soybean Cash Market Prices (Oct. 22-26, 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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