By Bob Stark, Agricultural Economist
Arkansas 2018 No. 2 Yellow Corn Cash Market gained 4 cents over the past weekend and then proceeded to post gains throughout the trading week. The market opened on Monday at a statewide average of $3.70 and added 5 cents on Tuesday, 2 cents on Thursday, and 5 more cents on Friday. No market report was posted on Wednesday as a national day of mourning was held for former president George H.W. Bush. The market closed for the week at a statewide average of $3.82 on Friday, a 16 cent improvement from the previous Friday statewide closing average (Figure 1). Highest daily individual market price over the past week was $3.89 at Blytheville on Friday. Low quote of the week was $3.65 at Helena on Monday. The market became quite “thin” as the number of reporting markets dwindled to only two on Friday. End-of-the-week quotes saw Friday closing day prices of $3.76 at Little Rock and $3.89 at Blytheville. The ending quotes represented a range of 13 cents, a 6 cent widening compared to the previous week closing range, but could be misleading due to the limited number of participating markets.
(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.)