By Bob Stark, Agricultural Economist
The Arkansas 2018 No. 2 Yellow Corn Cash Market lost 4 cents over the extended past weekend due to no Friday report. A further decline on Tuesday was turned around on Wednesday and the upward trend continued through the remainder of the week (Figure 1). The market opened on Monday at a statewide average of $3.30, a price 22 cents under the first day of trading in the previous week. Another 8 cents were lost on Tuesday before the market reversed with 2, 8, and 5 cent gains over the remaining three trading days. The closing statewide average of $3.37 on Friday was 3 cents above the previous weekly closing statewide average on Thursday, September 13. Highest daily individual market price over the past week was $3.48 at Pine Bluff on Friday. Low quote of the week was $3.08 at West Memphis and Old Town/Elaine on Tuesday. End-of-the-week quotes saw Friday closing day prices ranging from a $3.25 low at Blytheville to the high of $3.48 at Pine Bluff. The ending quotes represented a range of 23 cents, a 7 cent widening compared to the previous week closing range. Seven individual markets provided price quotations throughout the entire week.
(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.)