Sometimes you win and sometimes you lose. The past week had a price reversal from the most recent two as the Arkansas soybean cash market first lost 19 cents over the weekend and then had a mostly lower week. The Arkansas cash market opened on Monday at $13.82 and eventually fell to a closing price of $13.21 on Friday (Figure 1). The closing market price represented an overall 80 cent decline from the previous Friday closing mark. High individual market daily average for the week was $14.05 at West Memphis on Monday with Helena at $14.03. Old Town/Elaine at $14.00 on Monday was the only other daily market report above $14.00. The lowest individual market daily average was found on Friday with $12.99 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
No comments:
Post a Comment