UACES Facebook Arkansas Soybean 2021 Crop Cash and 2022 New Crop Booking Market Reports (February 11, 2022)
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Arkansas Soybean 2021 Crop Cash and 2022 New Crop Booking Market Reports (February 11, 2022)

by Brian Deaton, Associate Professor and Extension Economist, and Jeremy Ross, Professor and Extension Agronomist - Soybean - February 14, 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 29 cent gain over the past weekend to open at $15.91 on Monday. The statewide average traded sideways during the week to close at $15.84 on Thursday (Figure 1). The USDA-AMS did not publish a market report on Friday. Thursday’s average price was 22 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 64 cents. Eleven market locations across the state provided price quotes throughout the week (Figure 2). For details on price quotes, see Table 1.

2021 Crop Soybean Cash Market Statistics (February 7 – February 11, 2022) - a line graph indicating the daily maximum, minimum, and average prices

Figure 1.  2021 Crop Soybean Cash Market Statistics (February 7 – February 11, 2022) 

 

2021 Crop Soybean Cash Market Elevator Prices (February 7 – February 11, 2022) - a histogram indicating daily closing prices at 11 locations

Figure 2.  2021 Crop Soybean Cash Market Elevator Prices (February 7 – February 11, 2022)

 

Table 1. 2021 Crop Soybean Cash Market Elevator Prices (February 7 – February 11, 2022)

Location

February 7

February 8

February 9

February 10

February 11

Des Arc

15.72

15.59

15.85

15.64

 

Elaine

16.17

16.04

16.35

16.14

 

Helena

16.17

16.04

16.35

16.14

 

Jonesboro

15.58

15.45

15.71

15.50

 

North Little Rock

15.92

15.79

16.05

15.84

 

Osceola

16.22

16.08

16.33

16.12

 

Pendleton

15.82

15.69

15.95

15.74

 

Stuttgart

15.82

15.69

15.95

15.74

 

West Memphis

16.22

16.09

16.35

16.14

 

Wheatley

15.69

15.56

15.82

15.61

 

Wynne

15.67

15.54

15.80

15.59

 

 

 

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 for 2022 October-November delivery. This week, the booking market average posted a 23 cent gain over the weekend to open at $14.17 on Monday. The statewide average then moved higher to close at $14.33 on Thursday (Figure 3). The USDA-AMS did not publish a market report on Friday. Thursday’s average price was 39 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 59 cents. Eleven market locations across the state provided price quotes throughout the week (Figure 4). For details on price quotes, see Table 2.

New Crop Soybean Booking Market Statistics (February 7 – February 11, 2022) - a line graph indicating the daily maximum, minimum, and average prices

Figure 3.  New Crop Soybean Booking Market Statistics (February 7 – February 11, 2022)

 

New Crop Soybean Booking Market Elevator Prices (February 7– February 11, 2022) - a histogram indicating daily closing prices at 11 locations

Figure 4.  New Crop Soybean Booking Market Elevator Prices (February 7– February 11, 2022)

 

Table 2. 2022 New Crop Soybean Booking Market Elevator Prices (February 7– February 11, 2022)

Location

February 7

February 8

February 9

February 10

February 11

Des Arc

14.07

14.04

14.29

14.23

 

Elaine

14.44

14.45

14.73

14.58

 

Helena

14.44

14.45

14.73

14.58

 

Jonesboro

13.98

13.95

14.20

14.14

 

North Little Rock

13.86

13.83

14.08

14.02

 

Osceola

14.36

14.33

14.60

14.57

 

Pendleton

14.16

14.13

14.38

14.32

 

Stuttgart

14.16

14.13

14.38

14.32

 

West Memphis

14.41

14.38

14.63

14.57

 

Wheatley

14.12

14.09

14.34

14.28

 

Wynne

13.91

13.88

14.13

14.07

 

 

 (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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