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24
Sep
2018
Arkansas corn market report for September 17-21, 2018
Author: Bob Stark, Agricultural Economist

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.

Figure 1.  AR 2018 No. 2 Yellow Corn Cash Market Prices (September 17-21, 2018)

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (September 17-21, 2018)

(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.)


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