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10
Nov
2018
Arkansas corn market report for November 5-9, 2018
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The Arkansas 2018 No. 2 Yellow Corn Cash Market started the past week strongly with a 3 cent weekend gain, but remained generally steady throughout the trading week.  The market opened on Monday at a statewide average of $3.71, a gain of 12 cents from the previous Monday opening average.  Price stayed between that opening level and $3.75 on all trading days.  The market closed on Friday at a statewide daily average of $3.72 (Figure 1).  The closing average price left the market 4 cents over the previous Friday closing statewide average.  Highest daily individual market price over the past week was $3.82 at Osceola on Tuesday.  Low quote of the week was $3.65 at Helena on Tuesday and Old Town/Elaine on Friday.  End-of-the-week quotes saw Friday closing day prices ranging from the $3.65 low at Old Town/Elaine to a high of $3.78 at Osceola. The ending quotes represented a range of 13 cents, a 5 cent widening compared to the previous week closing range. The change in range width could have partially been a function of the five individual market group changing with Blytheville completely out this past week and Osceola beginning to submit quotes on this past Tuesday.

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (Nov. 5-9, 2018)

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (Nov. 5-9, 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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