The Arkansas cash soybean market moved lower over the weekend for the second straight week as it lost 13 cents and opened at $13.89. The market could never establish a clear trend for the week with losses of 35 and 37 cents on separate days and a 39 cent gain on another day. The market closed the week on a down trading day to post a Friday closing price of $13.55. The closing price represented an overall 47 cent loss from the previous Friday closing mark. High individual market daily average for the week was $14.15 at both West Memphis and Old Town/Elaine on Thursday. This top price was 46 cents under the high of the previous week. The lowest individual market daily average was found on Wednesday with $13.30 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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