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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 - May 10, 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 1 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 $11.84 (Figure 1). Friday’s average price was 44 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 (April 29 – May 3, 2022)
Figure 2. Soybean Cash Market Elevator Prices (April 29 – May 3, 2022)
Table 1. Soybean Cash Market Elevator Prices (April 29 – May 3, 2022)
Location
April 29
April 30
May 1
May 2
May 3
Des Arc
11.23
11.08
11.27
11.56
11.72
Elaine
11.66
11.51
Helena
Jonesboro
11.11
10.96
11.15
11.44
11.60
North Little Rock
Osceola
11.69
11.54
11.80
12.09
12.25
Pendleton
11.31
11.16
11.35
11.64
Stuttgart
11.36
11.21
11.40
11.85
West Memphis
11.68
11.53
11.73
12.02
12.18
Wheatley
Wynne
11.19
11.04
Soybean 2024 October - December Booking Market Statistics and Elevator Prices
This week, the booking market average posted a 4 cent gain over the weekend to open at $11.50 on Monday. The statewide average traded higher during the week to close on Friday at $11.70 (Figure 3). Friday’s average price was 24 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 63 cents. Nine market locations across the state provided price quotes throughout week (Figure 4).
Figure 3. Soybean 2024 October - December Booking Market Statistics (April 29 – May 3, 2022)
Figure 4. Soybean 2024 October - December Booking Market Elevator Prices (April 29 – May 3, 2022)
Table 2. Soybean 2024 October - December Booking Market Elevator Prices (April 29 – May 3, 2022)
11.30
11.12
11.48
11.63
11.45
11.50
11.86
11.05
11.28
11.41
11.59
11.81
11.94
11.38
11.20
11.43
11.25
11.61
(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.)