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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 14, 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 4 cent loss over the weekend to open at $9.92 on Monday. The statewide average traded lower during the week to close on Friday at $9.74 (Figure 1). Friday’s average price was 22 cents belowthe previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 77 cents. Ten market locations 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
Location
October 7
October 8
October 9
October 10
October 11
Des Arc
9.82
9.64
9.68
9.77
Elaine
10.19
10.01
10.05
10.15
10.11
Helena
Jonesboro
9.65
9.47
9.51
9.55
9.46
North Little Rock
Osceola
10.04
9.86
9.90
9.85
Pendleton
9.94
9.76
9.80
Stuttgart
9.96
9.78
West Memphis
10.14
10.00
9.95
9.89
Wheatley
9.60
9.74
Wynne
9.49
9.31
9.35
9.30
9.21
This week, the booking market average posted a 4 cent loss over the weekend to open at $10.27 on Monday. The statewide average traded lower during the week to close on Friday at $10.00 (Figure 3). Friday’s average price was 31cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 124 cents. Ten market locations across the state provided price quotes throughout week (Figure 4).
Table 2. Soybean 2024 November - January Booking Market Elevator Prices
10.66
10.48
10.51
10.45
10.33
10.65
10.47
10.35
10.64
10.46
10.49
10.43
10.38
10.25
10.29
10.23
10.16
(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.)