Forward booking prices for 2011 crop beans followed a pattern similar to the cash market, but with less size of movement. New crop beans opened the week at $13.22, an 11 cent loss over the weekend. A decline of 24 cents on Tuesday was partially recovered on Wednesday before the market essentially went flat, closing on Friday at $13.08, a 25 cent overall loss from the previous Friday closing price. West Memphis had the top daily price of the week with $13.43 on Monday. Old Town/Elaine at $13.37 and Helena at $13.36 were the only other reporting markets exceeding $13.27 on the same day. The lowest price of the week was $12.73 at Wynne on Tuesday. The price margin between cash market old crop beans and new crop booking prices increased from 65 to 73 cents, a reversal from the price narrowing that had been seen just one week earlier.
(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.)
Provided by:
Bob Stark, Agricultural Economist
Southeast Research & Extension Center
University of Arkansas at Monticello
stark@uamont.edu - (870) 460-1091
(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.)
Provided by:
Bob Stark, Agricultural Economist
Southeast Research & Extension Center
University of Arkansas at Monticello
stark@uamont.edu - (870) 460-1091
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