Arkansas Soybean 2021 Crop Cash and 2022 New Crop Booking Market Reports (February 11, 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.
Figure 1. 2021 Crop Soybean Cash Market Statistics (February 7 – February 11, 2022)
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.
Figure 3. New Crop Soybean Booking Market Statistics (February 7 – February 11, 2022)
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.)