The Arkansas cash soybean market lost 9 cents over the weekend and opened at $14.12 (Figure 1). The market showed strength early in the week, climbing steadily to a high of $14.38 on Wednesday, but then declined over the final two trading days. The Friday closing price was $14.02, an overall 19 cent fall from the previous Friday closing mark. Friday’s average price still represented the second straight weekly close above $14.00 since January 14. High individual market daily average for the week was $14.61 at both West Memphis and Old Town/Elaine on Wednesday. Helena reached $14.57 on the same day, the only other market to exceed $14.51 during the week. The lowest individual market daily average was found on Friday with $13.80 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
Bob Stark, Agricultural Economist
Southeast Research & Extension Center
University of Arkansas at Monticello
stark@uamont.edu - (870) 460-1091
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