Arkansas Soybean Cash and Booking Market Reports - January 12, 2024

by Brian Deaton Associate Professor-UAM College of Forestry, Agriculture, and Natural Resources, Monticello and Extension Economist, UA Division of Agriculture and Jeremy Ross Professor and Extension Agronomist – Soybean University of Arkansas Cooperative Extension Service, Little Rock - January 19, 2024

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.

Soybean Cash Market Statistics and Elevator Prices

The Arkansas soybean cash market posted a 11 cent loss over the weekend to open at $12.27 on Monday. The statewide average traded lower during the week to close on Friday at $12.06 (Figure 1). Friday’s average price was 32 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 91 cents. Ten market location provided price quotes during the week (Figure 2).

Line graph showing soybean cash market statewide price statistics Figure 1. Soybean Cash Market Statistics

Figure 2. Soybean Cash Market Elevator Prices

Table 1. Soybean Cash Market Elevator Prices (January 8 – January 12, 2022)

Location	January 8	January 9	January 10	January 11	January 12
Des Arc	11.93	11.96	11.84	11.84	11.71
Elaine	12.69	12.72	12.60	12.60	12.47
Helena	12.69	12.72	12.60	12.60	12.47
Jonesboro	11.86	11.89	11.77	11.77	11.64
North Little Rock
Osceola	12.77	12.80	12.68	12.68	12.55
Pendleton	12.01	12.04	11.92	11.92	11.79
Stuttgart	12.06	12.09	11.97	11.97	11.84
West Memphis	12.71	12.74	12.62	12.62	12.49
Wheatley	11.93	11.96	11.84	11.84	11.71
Wynne	12.13	12.16	12.04	12.04	11.91

Soybean 2024 February - 2024 October Booking Market Statistics and Elevator Prices

This week, the booking market average opened at $12.44 on Monday. The statewide average traded lower during the week to close on Friday at $12.28 (Figure 3). Friday’s average price was 26 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 86 cents. Three market locations across the state provided price quotes throughout week (Figure 4).

Line graph showing soybean booking market statewide price statistics Figure 3. Soybean 2024 February - 2024 October Booking Market Statistics

Figure 4. Soybean 2024 February - 2024 October Booking Market Elevator Prices

Table 2. Soybean 2024 February - 2024 October Booking Market Elevator Prices (January 8 – January 12, 2022)

Location	January 8	January 9	January 10	January 11	January 12
Des Arc
Elaine	12.34	12.39	12.30	12.30	12.20
Helena	12.34	12.39	12.30	12.30	12.20
Jonesboro
North Little Rock
Osceola	12.73	12.76	12.64	12.64	12.51
Pendleton
Stuttgart
West Memphis
Wheatley
Wynne

(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.)