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.
(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.)