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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 - December 12, 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 3 cent loss over the weekend to open at $9.74 on Monday. The statewide average traded higher during the week to close on Friday at $9.84 (Figure 1). Friday’s average price was 7 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 93 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
December 2
December 3
December 4
December 5
December 6
Des Arc
9.47
9.54
9.46
9.56
Elaine
10.15
10.22
10.14
10.24
Helena
Jonesboro
9.25
9.32
9.24
9.34
North Little Rock
Osceola
10.18
10.25
10.17
10.27
Pendleton
9.55
9.62
9.64
Stuttgart
9.63
9.65
West Memphis
Wheatley
9.44
9.51
9.43
9.53
Wynne
9.45
9.52
9.69
This week, the booking market average posted a 4 cent loss over the weekend to open at $10.09 on Monday. The statewide average traded higher during the week to close on Friday at $10.21 (Figure 3). Friday’s average price was 8cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 19 cents. Nine market locations across the state provided price quotes throughout week (Figure 4).
Figure 3. Soybean 2025 January - 2025 March Booking Market Statistics
Figure 4. Soybean 2025 January - 2025 March Booking Market Elevator Prices
Table 2. Soybean 2025 January - 2025 March Booking Market Elevator Prices
10.07
10.13
10.05
10.26
10.06
10.12
10.04
(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.)