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Arkansas corn market report for December 3-7, 2018
Author: Bob Stark, Agricultural Economist

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.

Figure 1.  AR 2018 No. 2 Yellow Corn Cash Market Prices (December 3-7, 2018)

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (December 3-7, 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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