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24
Aug
2020
Arkansas Soybean Market Report for August 17 – 21, 2020
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist and Jeremy Ross, Professor and Extension Agronomist – Soybeans

Old crop soybean price showed great promise with a strong weekend gain, but the market could only hold that gain to midweek before suffering a sharp decline that persisted to the closing day of trade (Figure 1).  Old crop beans rose 16 cents over the past weekend and held steady on that new level until falling 11 cents on Thursday.  The lower price level was maintained through Friday closing trade.  The Arkansas 2019 Crop Soybean Cash Market opened on Monday at $9.38, 41 cents over the previous week opening day average.  The Thursday decline put the market at $9.27 and the statewide closing average on Friday was also $9.27, an overall 5 cent gain from the previous week closing mark.  High individual market daily quote of the week was $9.58 on Wednesday at Osceola.  Low quote of the week was $9.00 at Little Rock on both Thursday and Friday.  Five markets provided quotes on each trading day of the past week.  The Friday ending price quotes across the reporting markets ranged from a $9.00 low at Little Rock to a high of $9.56 at Osceola.  That put the ending quotes range at 56 cents, 14 cents wider than the previous week closing day of trade.

Arkansas 2019 Crop Soybean Market Prices for
August 17 – 21, 2020

High individual market daily quote of the week was $9.58 on Wednesday at Osceola. Low quote of the week was $9.00at Little Rock on both Thursday and Friday. Five markets provided quotes on each trading day of the past week. The Friday ending price quotes across the reporting markets ranged from a $9.00 low at Little Rock to a high of $9.56 at Osceola. That put the ending quotes range at 56 cents, 14 cents wider than the previous week closing day of trade. Figure 2 The Arkansas 2020 Crop Soybean Booking Market just exceeded the old crop market with a 17 cent weekend gain. Price then held mostly steady through midweek and the Thursday decline in old crop soybean was duplicated to a lesser extent by new crop beans (Figure 2). New crop booking price opened on Monday at a state wide average of $9.17, up 41 cents from the previous week’s opening day price. New crop bookings lost 9cents on Thursday, but then finished the week steady on Friday. New crop booking price dropped another 1cent on Friday and ended the week at a statewide closing average of $9.07, still an overall gain of 7 cents as compared to the previous week closing mark. High individual daily market quote for the past week was $9.40on Monday at West Memphis and on Wednesday at Helena. Low individual market quote of the week was $8.81 on both Thursday and Friday at Jonesboro. End-of-the-week quotes saw the Friday closing day prices ranging from the low of $8.81 at Jonesboro to a $9.30 high at Helena. The ending price quotes represented a range of 49 cents, unchanged from the previous week closing range.

Arkansas Fall 2020 Crop Soybean Booking Market Prices for
August 17 – 21, 2020

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


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