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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 - October 2, 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 31 cent gain over the weekend to open at $10.10 on Monday. The statewide average traded higher during the week to close on Friday at $10.27 (Figure 1). Friday’s average price was 48 cents abovethe previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 29 cents. Nine market location provided price quotes during the week (Figure 2).
Table 1. Soybean Cash Market Elevator Prices
Location
September 23
September 24
September 25
September 26
September 27
Des Arc
9.89
10.14
Elaine
10.17
10.28
10.26
10.51
Helena
Jonesboro
9.72
9.97
North Little Rock
Osceola
10.02
10.05
10.16
10.03
Pendleton
10.01
Stuttgart
West Memphis
10.07
10.10
10.21
10.41
Wheatley
9.85
Wynne
This week, the booking market average posted a 28 cent gain over the weekend to open at $10.19 on Monday. The statewide average traded higher during the week to close on Friday at $10.49 (Figure 3). Friday’s average price was 58cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 104 cents. Ten market locations across the state provided price quotes throughout week (Figure 4).
Table 2. Soybean 2024 October - December Booking Market Elevator Prices
9.87
9.90
10.40
10.43
10.54
10.57
10.81
10.46
10.47
10.72
9.70
9.73
9.84
10.39
10.42
10.44
10.68
9.99
10.13
10.04
10.15
10.45
10.69
9.83
9.86
9.71
9.96
(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.)