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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.
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).
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
11.71
Elaine
12.69
12.72
12.60
12.47
Helena
Jonesboro
11.86
11.89
11.77
11.64
North Little Rock
Osceola
12.77
12.80
12.68
12.55
Pendleton
12.01
12.04
11.92
11.79
Stuttgart
12.06
12.09
11.97
West Memphis
12.71
12.74
12.62
12.49
Wheatley
Wynne
12.13
12.16
11.91
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).
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)
12.34
12.39
12.30
12.20
12.73
12.76
12.64
12.51
(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.)