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25
Mar
2019
Arkansas corn market report for March 18-22, 2019
Author: Bob Stark, Agricultural Economist

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.

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (March 18-22, 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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