By Bob Stark, Agricultural Economist
The Arkansas 2018 No. 2 Yellow Corn Cash Market had a short trading week due to observance of the Columbus Day holiday. Price stuttered slightly to begin the short week, but quickly regained momentum and moved higher overall. The market lost 2 cents over the extended weekend prior to this past week of trading and opened on Tuesday at a statewide average of $3.59, a price 2 cents over the first day of trading in the previous week. Price lost another 2 cents on Wednesday before posting solid gains over the remaining two days of trading in the week (Figure 1). The daily market average finished with a closing statewide average of $3.66 on Friday. That closing mark was 5 cents above the previous Friday closing statewide average. Highest daily individual market price over the past week was $3.74 at Little Rock on Friday. Low quote of the week was $3.51 and actually occurred on two separate days in two locations. Helena reported that price on Tuesday and Blytheville reported it on Wednesday. The two markets realigned on Friday with equal 5 cent gains. End-of-the-week quotes saw Friday closing day prices ranging from a $3.56 low at Blytheville to a high of $3.74 at Little Rock. The ending quotes represented a range of 18 cents, a 4 cent widening compared to the previous week closing range. The same five individual markets continued to provide price quotations throughout the past 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.)