By Bob Stark, Agricultural Economist
The past trading week began with a solid 10 cent weekend loss and alternated gains and losses to a slightly lower closing price on Friday (Figure 1). The Arkansas 2018 No. 2 Yellow Corn Cash Market opened on Monday at $4.26, unchanged from the previous week opening trading day statewide average. Trading stayed within a 10 cent range for the entire week and closed on Friday at $4.22, an overall loss for the week of 14 cents compared to the previous week closing average. Highest daily individual market price over the past week was $4.41 at Osceola on Thursday. Low quote of the week was an even $4.00 at Little Rock on Wednesday. The closing day prices ranged from a low of $4.01 at Little Rock to a high of $4.36 at Osceola. These ending quotes represented a range of 35 cents, 10 cents narrower than the previous week closing range. Only five markets provided daily price quotes for most of the past week as West Memphis ceased to provide 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.)