By Bob Stark, Agricultural Economist
The Arkansas 2018 No. 2 Yellow Corn Cash Market started the past week of trading with a 5 cent weekend loss. The market price seemed to stabilize for the first half of the week, but later declined sharply over the final two days (Figure 1). Price opened on Monday at $3.71, 8 cents over the previous Monday level. The market peaked for the week on Tuesday at a statewide day average of $3.73 before entering its decline. Cash corn closed on Friday at a statewide average of $3.57, 19 cents under the closing mark of the previous week. The Old Town/Elaine market provided a price quote on Friday for the first time since April 1. Highest daily individual market price over the past week was $3.92 at Pine Bluff on Tuesday. Low quote of the week was $3.42 at Little Rock on Friday. The closing day prices ranged from the low of $3.42 at Little Rock to a high of $3.77 at Pine Bluff. These ending quotes represented a range of 35 cents, unchanged from the previous week range. Five markets were reporting when trading closed for the week with the addition of Old Town/Elaine.
(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.)