After two straight weekends of price declines, the Arkansas cash soybean market had a turnaround by gaining 17 cents over the past weekend to open at $13.98 (Figure 1). The market continued its gains through midweek, reaching a high of $14.31 on Wednesday. Part of the price increase was given back over the final two trading days before closing at $14.21, an overall 40 cent gain from the previous Friday closing price. Friday’s average price represented the first weekly close since January 14 that was above $14.00. High individual market daily average for the week was $14.54 at both West Memphis and Old Town/Elaine on Wednesday. The lowest individual market daily average was found on Monday with $13.77 reported at both Jonesboro and Wheatley.
(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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