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by 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 - April 24, 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 an 13 cent loss over the weekend to open at $11.64 on Monday. The statewide average traded lower during the week to close on Thursday at $11.60 (Figure 1). The USDA-AMS did not publish a market report on Friday. Thursday’s average price was 17 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 60 cents. Ten market location provided price quotes during the week (Figure 2).
Figure 1. Soybean Cash Market Statistics (April 1 – April 5, 2022)
Figure 2. Soybean Cash Market Elevator Prices (April 1 – April 5, 2022)
Table 1. Soybean Cash Market Elevator Prices (April 1 – April 5, 2022)
Location
April 1
April 2
April 3
April 4
April 5
Des Arc
11.48
11.36
11.44
11.42
Elaine
11.96
11.84
11.92
11.85
Helena
Jonesboro
11.24
11.32
11.30
North Little Rock
Osceola
11.95
11.83
11.91
11.86
Pendleton
11.56
11.52
11.50
Stuttgart
11.61
11.49
11.57
11.55
West Memphis
11.88
Wheatley
Wynne
11.40
11.38
This week, the booking market average posted a 15 cent loss over the weekend to open at $11.49 on Monday. The statewide average traded higher during the week to close on Thursday at $11.53 (Figure 3). The USDA-AMS did not publish a market report on Friday. Thursday’s average price was 11 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 41 cents. Nine market locations across the state provided price quotes throughout week (Figure 4).
Figure 3. Soybean 2024 October - December Booking Market Statistics (April 1 – April 5, 2022)
Figure 4. Soybean 2024 October - December Booking Market Elevator Prices (April 1 – April 5, 2022)
Table 2. Soybean 2024 October - December Booking Market Elevator Prices (April 1 – April 5, 2022)
11.35
11.29
11.37
11.63
11.65
11.64
11.28
11.22
11.59
11.54
11.62
11.73
11.43
11.45
11.58
11.60
(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.)