By Bob Stark, Agricultural Economist
The Arkansas 2018 No. 2 Yellow Corn Cash Market had a short week of trading due to the Veterans Day holiday on Monday. The market lost 4 cents over the extended weekend and opened on Tuesday at a statewide average of $3.68, a decline of 3 cents from the previous week opening day average. Price stayed between that opening level and $3.65 on all trading days. The market closed on Friday at a statewide daily average of $3.65 (Figure 1). The closing average price left the market 7 cents under the previous Friday closing statewide average. Highest daily individual market price over the past week was $3.75 at Osceola on Tuesday. Low quote of the week was $3.60 at Old Town/Elaine on Friday. End-of-the-week quotes saw Friday closing day prices ranging from the $3.60 low at Old Town/Elaine to a high of $3.71 at Helena. The ending quotes represented a range of 11 cents, a 2 cent narrowing compared to the previous week closing range. The same five individual markets continued to provide price quotes throughout this week as last 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.)