By Bob Stark, Agricultural Economist
The past seven day period was an “up week” for Arkansas 2018 No. 2 Yellow Corn Cash Market. The uptick started with a 3 cent weekend gain. Market price then had increases of 1 to 11 cents per day for the entire week (Figure 1). Price opened on Monday at $3.60, 11 cents under the previous Monday level. The daily gains of various sizes took cash corn higher with a Friday closing statewide average of $3.88, 31 cents above the closing mark of the previous week. Highest daily individual market price over the past week was $4.08 at Pine Bluff on Friday. Low quote of the week was $3.47 at Little Rock on Monday. The closing day prices ranged from a low of $3.73 at Little Rock to the high of $4.08 at Pine Bluff. These ending quotes represented a range of 35 cents, unchanged for the third consecutive week. Six markets provided daily price quotes for the entire week.
(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.)