By Bob Stark, Agricultural Economist
Up, up, and away seemed to be the theme for the Arkansas 2018 No. 2 Yellow Corn Cash Market over the past trading week. New crop corn gained 1 cent over the extended July 4th holiday weekend and opened on Monday at a statewide average of $4.35, an increase of 36 cents from the previous week opening price. The market then proceeded to post gains on each trading day, reaching a statewide closing average of $4.60 on Friday, a 26 cent increase compared to the previous week closing day statewide average (Figure 1). Highest daily individual market price over the week was $4.82 at Osceola on Friday. The low quote of the week was $4.16 at Little Rock on Tuesday. Closing day prices ranged from a $4.37 low at Little Rock to the high of $4.82 at Osceola. The ending quotes range of 45 cents was 24 cents wider than the previous week, but this change could be partially attributed to inconsistent price quote submissions over the short pre-July 4th trading week and the reentry this week of the strong Osceola market to the reporting group.
(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.)