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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 Jeremy Ross Professor and Extension Agronomist – Soybean University of Arkansas Cooperative Extension Service, Little Rock - March 11, 2024
The Arkansas soybean cash market posted an 11 cent gain over the weekend to open at $11.41 on Monday. The statewide average traded higher during the week to close on Friday at $11.70 (Figure 1). Friday’s average price was 40 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 62 cents. Ten market location provided price quotes during the week (Figure 2).
Figure 1. Soybean Cash Market Statistics (March 4 – March 8, 2022)
Figure 2. Soybean Cash Market Elevator Prices (March 4 – March 8, 2022)
Table 1. Soybean Cash Market Elevator Prices (March 4 – March 8, 2022)
Location
March 4
March 5
March 6
March 7
March 8
Des Arc
11.22
11.16
11.15
11.33
11.51
Elaine
11.70
11.64
11.58
11.76
11.94
Helena
Jonesboro
11.10
11.04
11.03
11.21
11.39
North Little Rock
Osceola
11.71
11.65
11.84
12.02
Pendleton
11.30
11.24
11.23
11.41
11.59
Stuttgart
11.35
11.29
11.28
11.46
West Memphis
11.66
Wheatley
Wynne
11.13
11.07
11.06
11.42
This week, the booking market average opened at $11.21 on Monday. The statewide average traded higher during the week to close on Friday at $11.49 (Figure 3). Friday’s average price was 34 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 3 cents. Four market locations across the state provided price quotes throughout week (Figure 4).
Figure 3. Soybean 2024 October - December Booking Market Statistics (March 4 – March 8, 2022)
Figure 4. Soybean 2024 October - December Booking Market Elevator Prices (March 4 – March 8, 2022)
Table 2. Soybean 2024 October - December Booking Market Elevator Prices (March 4 – March 8, 2022)
11.19
11.17
11.49
11.31
11.50
11.20
11.18
11.48
(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.)