The Arkansas 2018 Crop Soybean Cash Market tracked remarkably steady for most of the past year with a notable exception in late April through May (Figure 1). 2018 crop beans opened the year on January 3 at $8.71 per bushel. Price remained fairly steady within 10 cents, plus or minus, until April 11. The market began to enter a declining trend and ultimately bottomed out on May 13 at $7.71, the lowest weekly statewide average of 2019. An upward, albeit less consistent trend was established after that date and eventually carried price to $9.07 on July 12. The market lost momentum and fell as low as $8.17 on September 10 before rallying to a September 30 closing price of $8.72, just one cent above the January 1 price. High daily individual market quote of the past year was $9.34 on Thursday, June 20, at Osceola. Low individual market daily quote of the year was $7.45 on Monday, May 13, at Wynne. The market received price quotes from thirteen different locations at one time or another during the year. Little Rock was the only market in the group that provided price quotes every reporting day of the year.
(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.)