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Arkansas Corn Market Report for January 7-11, 2019
Author: Bob Stark, Agricultural Economist

The USDA Agricultural Marketing Service resumed daily reporting of grain prices for Arkansas in the past week after government shutdown uncertainty stabilized.  The Arkansas 2018 No. 2 Yellow Corn Cash Market rose 5 cents from the last daily report on January 3 before having a bumpy general decline over the remainder of the past trading week.  The market opened for trading on Monday at a statewide average of $3.87.  Price alternated gains and losses before ending the week at a Friday closing statewide average of $3.78, a 4 cent overall decline from the previous week statewide closing average on Thursday (Figure 1).  Highest daily individual market price over the past week was $3.97 at Blytheville on Monday and at Pine Bluff on both Monday and Wednesday.  Low quote of the week was $3.61 at Little Rock on Thursday. End-of-the-week quotes saw Friday closing day prices ranging from a low of $3.63 at Little Rock to a high of $3.93 at Pine Bluff.  The ending quotes represented a range of 30 cents, 5 cents narrower than the range for limited daily quotes reported during the first week of the 2019.  Seven markets provided price quotes throughout the past week.

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (January 7-11, 2019)

(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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