By Bob Stark, Agricultural Economist
Arkansas 2018 No. 2 Yellow Corn Cash Market lost 1 cent over the past weekend, but then proceeded to post modest gains throughout the trading week. The market opened on Monday at a statewide average of $3.81 and added 1 to 3 cents on each succeeding day. The market closed for the week at a statewide average of $3.86 on Friday, a 4 cent improvement from the previous Friday statewide closing average (Figure 1). Highest daily individual market price over the past week was $3.95 at Pine Bluff on Friday. Low quote of the week was $3.74 at Little Rock on both Monday and Thursday. The market reporting expanded as West Memphis and Pine Bluff resumed providing price quotes as the week progressed. End-of-the-week quotes saw Friday closing day prices ranging from a low of $3.75 at Little Rock to the high of $3.95 at Pine Bluff. The ending quotes represented a range of 20 cents, a 7 cent widening compared to the previous week closing range, but a little uncertain due to the addition of quotes from the two new 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.)