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Arkansas corn market report for October 8-12, 2018
Author: Bob Stark, Agricultural Economist

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.

Figure 1.  AR 2018 No. 2 Yellow Corn Cash Market Prices (October 8-12, 2018)

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (October 8-12, 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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