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.
(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.)