By Bob Stark, Agricultural Economist
The past trading week opened with the Arkansas 2018 No. 2 Yellow Corn Cash Market 2 cents higher over the weekend, but generally moved lower through the week to close on Friday at its lowest price of the week (Figure 1). Corn opened on Monday at a statewide average of $4.60, an increase of 38 cents over the previous week opening price. The daily price movements eventually took the statewide average to $4.46 on Friday. The weekly trading gave the market an overall loss of 12 cents compared to the previous week closing day statewide average. Highest daily individual market price over the past week was $4.78 at Osceola on Monday. The trading range was narrowed from the previous week as the low quote of the week was $4.26 at Little Rock on Wednesday. Closing day prices ranged from a low of $4.27 at Little Rock to a high of $4.65 at Osceola. These ending quotes represented a range of 38 cents, unchanged from the previous week closing range. Only five markets continued to provide daily price quotes for the past 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.)