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28
May
2019
Arkansas corn market report for May 20-24, 2019
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The past seven day period was a “hump week” for Arkansas 2018 No. 2 Yellow Corn Cash Market.  A 6 cent weekend gain was followed by a 7 cent improvement on Tuesday and a 1 cent Wednesday gain before the market retreated 6 cents on Thursday to end the week (Figure 1).  No Friday report was published by USDA-AMS ahead of the Memorial Day weekend.  Price opened on Monday at $3.94, 34 cents above the previous Monday level.  The early week daily gains took cash corn to a high of $4.02 on Wednesday before the last trading day correction.  The market closed on Thursday at a statewide average of $3.96, 8 cents above the closing mark of the previous week.  Highest daily individual market price over the past week was $4.20 at Pine Bluff on Wednesday.  Low quote of the week was $3.79 at Little Rock on Monday.  The closing day prices ranged from a low of $3.80 at Little Rock to a high of $4.10 at Pine Bluff.  These ending quotes represented a range of 30 cents, 5 cents narrower than the previous week closing range.  Six markets provided daily price quotes for the entire week.

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (May 20-24, 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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