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Arkansas corn market report for Oct. 1-5, 2018
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The Arkansas 2018 No. 2 Yellow Corn Cash Market continued to regain ground from its mid-September decline. The market gained 15 cents over the weekend prior to this past week of trading and opened on Monday at a statewide average of $3.57, a price 16 cents over the first day of trading in the previous week.  Price gained another 5 cents on Monday before basically holding ground through the rest of the week (Figure 1).  The daily market average settle for a closing statewide average of $3.61 on Friday.  That closing mark was 19 cents above the previous Friday closing statewide average.  Highest daily individual market price over the past week was $3.70 at Osceola on Tuesday. Low quote of the week occurred on Wednesday with $3.51 at Blytheville.  End-of-the-week quotes saw Friday closing day prices ranging from a $3.54 low at Blytheville to a high of $3.68 at Little Rock.  The ending quotes represented a range of 14 cents, a 3 cent narrowing compared to the previous week closing range.  Considerable shuffling occurred among the reporting markets as West Memphis and Old Town/Elaine dropped out.  Blytheville and Osceola were absent early in the week, but resumed reporting by mid-week. Five individual markets were providing price quotations as the week ended.

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (Oct. 1-5, 2018)

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (Oct. 1-5, 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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