econ.sdstate.edu

The commentary for this week is in the form of a ten minute web-video that can be accessed on the link above entitled, “2008 June Acreage Report Analysis”.

Have a safe July 4th holiday weekend.

South Dakota range of old crop soybean prices on Wednesday of this week: $15.00 - $15.69.
South Dakota average old crop soybean price on Wednesday of this week: $15.35, 67 cents higher than a week ago.

South Dakota range of new crop soybean prices on Wednesday of this week: $13.91 - $15.13
South Dakota average new crop soybean price on Wednesday of this week: $14.88, 67 cents higher than a week ago.

USDA’s monthly supply and demand numbers from the most recent World Agricultural
Supply and Demand Estimates report are summarized in a file that is linked below. For complete details, simply click on the link entitled, “Soybean Supply and Demand.”

Soybean basis data and cash soybean price data for various regions of South Dakota is available by connecting with a link at the bottom of this page. To access the charts showing the soybean basis and cash prices for your region of the state, just click on the link entitled “Cash soybean price and basis charts”. This basis information is compiled by the Economics Department at South Dakota State University.