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16
Nov
2020
Arkansas Soybean Market Report for November 9 – 13, 2020
Author: Bob Stark, Agricultural Economist

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

The 2020 crop soybean market fought through a week divided around the Veterans Day holiday on Wednesday to post a strong overall price gain (Figure 1).  The market rose 2 cents over the weekend to open on Monday at a $10.98 statewide average.  Price rose above the $11.00 level on Tuesday, reaching the high daily average for the week of $11.33.  A 6 cent decline over the holiday was partially recovered on Friday as the market finished with a closing statewide average at $11.29, an overall 33 cent gain for the week as compared to the previous week closing day average.  High individual market daily price for the past week was $11.46 at Pendleton on Tuesday.  The low individual daily price was $10.81 at Pine Bluff on Monday.  Thirteen markets provided quotes for each trading day in the past week.  Closing price quotes on Friday ranged from a low of $11.13 at Pine Bluff to a high of $11.43 at Stuttgart.  The range of 30 cents was 12 cents narrower than the previous week price span.

Arkansas Fall 2020 Crop Soybean Booking and Cash Market Prices for November 9 – 13, 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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