UACES Facebook Arkansas Soybean 2021 Crop Cash and 2022 New Crop Booking Market Reports (August 26, 2022)
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Arkansas Soybean 2021 Crop Cash and 2022 New Crop Booking Market Reports (August 26, 2022)

by Brian Deaton, Associate Professor and Extension Economist, and Jeremy Ross, Professor and Extension Agronomist - Soybean - August 29, 2022

This report is a weekly newsletter summarizing cash market and forward price quotes from selected markets as reported to the USDA Agricultural Marketing Service in Arkansas.

2021 Crop Soybean Cash Market Statistics and Elevator Prices

The Arkansas 2021 Crop Soybean cash market posted a 34-cent gain over the past weekend to open at $14.55 on Monday. The statewide average traded upwards during the week to close on Wednesday at $14.77 (Figure 1). The USDA-AMS did not publish a market report on Thursday or Friday. Wednesday’s average price was 56 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 80 cents. Two market locations provided price quotes during the week (Figure 2). For details on price quotes, see Table 1.

Line graph of the maximum, average, and minimum prices for the week as reported at 2 locations for the Arkansas 2021 Crop Soybean Cash Market Statistics (August 22 – 26, 2022)

Figure 1. 2021 Crop Soybean Cash Market Statistics (August 22 – 26, 2022)

 

Bar graph of the daily closing prices at two locations in Arkansas for the 2021 Crop Soybean Cash Market Elevator Prices (August 22 – 26, 2022)

Figure 2. 2021 Crop Soybean Cash Market Elevator Prices (August 22 – 26, 2022)

 

Table 1. 2021 Crop Soybean Cash Market Elevator Prices (August 22 – 26, 2022)

Location

August 22

August 23

August 24

August 25

August 26

North Little Rock

14.15

14.41

14.37

- -

Osceola

14.95

15.21

15.17

- -

 

 

2022 New Crop Soybean Booking Market Statistics and Elevator Prices

The USDA Agricultural Marketing Service began reporting booking prices for the 2022 Arkansas No. 1 Yellow Soybean market on November 15, 2021, for 2022 October-November delivery. This week, the booking market average posted a 34-cent gain over the weekend to open at $14.50 on Monday. The statewide average traded upwards during the week to close on Wednesday at $14.75 (Figure 3). The USDA-AMS did not publish a market report on Thursday or Friday. Wednesday’s average price was 59 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 71 cents. Eleven market locations across the state provided price quotes throughout the week (Figure 4). For details on price quotes, see Table 2.

Line graph of the maximum, average, and minimum prices at eleven locations in Arkansas for the 2022 New Crop Soybean Booking Market Statistics (August 22 -26, 2022)

Figure 3. 2022 New Crop Soybean Booking Market Statistics (August 22 – 26, 2022)

 

Bar graph of the daily closing prices at eleven locations for the Arkansas 2022 New Crop Soybean Booking Market Elevator Prices (August 22 – 26, 2022)

Figure 4. 2022 New Crop Soybean Booking Market Elevator Prices (August 22 – 26, 2022)

 

Table 2. 2022 New Crop Soybean Booking Market Elevator Prices (August 22 – 26, 2022)

Location

August 22

August 23

August 24

August 25

August 26

Des Arc

14.23

14.49

14.55

- -

Elaine

14.82

15.08

15.03

- -

Helena

14.82

15.08

15.03

- -

Jonesboro

14.15

14.41

14.47

- -

North Little Rock

14.15

14.41

14.37

- -

Osceola

14.61

14.86

14.86

- -

Pendleton

14.43

14.69

14.75

- -

Stuttgart

14.35

14.61

14.67

- -

West Memphis

14.60

14.89

14.85

- -

Wheatley

14.30

14.56

14.62

- -

Wynne

14.20

14.46

14.42

- -

 

 (Market average prices stated in this report are unweighted averages of the state markets surveyed by USDA-AMS. Price data is based on the Arkansas Daily Grain Bids Report.)

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