By Bob Stark, Agricultural Economist
Welcome to the second posting of the ARKANSAS CORN CASH MARKET REPORT. This report is a weekly post summarizing cash market pricing quotes from selected markets as reported to National Agricultural Statistics Service in Arkansas.
The Arkansas 2018 No. 2 Yellow Corn Cash Market gained 7 cents over the extended Labor Day weekend and maintained its gains throughout the past week (Figure 1). The market opened on Tuesday at a statewide average of $3.53, a 6 cent improvement from Monday of the previous week. Following the weekend gain, the market trade within a 1 cent range for the remainder of the short week. The closing statewide average of $3.53 was 7 cents above the previous Friday statewide average. The high daily individual market price over the past week was $3.59 at Pine Bluff on Tuesday. Low quote of the week was $3.46 at Blytheville, also on Monday. End-of-the-week quotes saw Friday closing day prices ranging from a $3.47 low at West Memphis to a high of $3.58 at Pine Bluff. The ending quotes represented a range of 11 cents, a 4 cent narrowing compared to the previous week closing range. Six individual markets provided price quotations throughout the entire week, but the group composition changed as Pine Bluff returned and Osceola dropped out.
(Market average prices stated in this report are unweighted averages of the state markets surveyed by NASS. Price data was based on USDA LR GR111 Arkansas Daily Grain Reports.)