By Bob Stark, Agricultural Economist
A downward trending week for the Arkansas 2018 No. 2 Yellow Corn Cash Market saw a slight recovery on Friday that partially recovered the losses (Figure 1). New crop corn lost 13 cents over the weekend and opened on Monday at a statewide average of $4.47, still an increase of 12 cents from the previous week opening price. But the market then proceeded to move lower through the midweek trading days, reaching a low statewide average of $4.29 on Thursday. A solid rally on Friday recovered 7 cents of the loss and trading closed at a statewide average of $4.36 on Friday, still a 24 cent decrease from the previous week closing day statewide average. Highest daily individual market price over the week was $4.69 at Osceola on Monday. The low quote of the week was $4.08 at Little Rock on Thursday. Closing day prices ranged from a $4.14 low at Little Rock to a high of $4.59 at Osceola. The ending quotes range of 45 cents was unchanged from the previous week. Only four markets continue to provide price quotes, unchanged since Tuesday, July 9.
(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.)