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Arkansas soybean cash prices reached $14.31/bu and booked prices $13.51/bu at the Friday close, with harvest about two months away. Rising demand, much of it from China, and reduced supply have lifted prices after a brief dip in late June.
U.S. soybean stocks were down 44% year on year at the end of June.
Tight U.S. stocks against firm demand support soybean prices, and northern U.S. drought and Arkansas flooding and dicamba injury could limit local yields and keep the market firm.
uaex.uada.eduJul 26, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
