By Bob Stark, Agricultural Economist
The Arkansas 2018 No. 2 Yellow Corn Cash Market was steady for most of the past week after losing 1 cent over the weekend from the previous Friday closing price. Price finally got a boost on Thursday and was able to maintain the gain for the closing statewide average on Friday (Figure 1). The market opened on Monday at a statewide average of $3.75, 14 cents over the previous week opening day. Price held steady on Tuesday and was 1 cent lower on Wednesday before a 5 cent gain on Thursday. The market added 1 additional cent on Friday and closed at a $3.80 daily statewide average, 4 cents over the previous Friday closing price. Highest daily individual market price over the past week was $3.98 at Pine Bluff on Friday, the fourth straight week without a plus-$4.00 individual daily quote. Low quote of the week was $3.56 at Little Rock on Tuesday. Closing day prices ranged from a low of $3.63 at Little Rock to the high of $3.98 at Pine Bluff. These ending quotes represented a range of 35 cents, unchanged from the previous week closing range. Two markets were added to the group providing price quotes, Old Town/Elaine on Wednesday and Osceola on Thursday. The market ended the week with a total of six markets providing price quotes.
(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.)