By Bob Stark, Agricultural Economist
The Arkansas 2018 No. 2 Yellow Corn Cash Market lost 8 cents over the weekend and continued lower each day of the past trading week (Figure 1). Corn opened on Monday at a statewide average of $4.28, a decline of 19 cents from the previous week opening price. The subsequent daily losses took the market to a closing statewide average of $4.16 on Friday, an overall decline of 20 cents from the previous week closing day statewide average. Highest daily individual market price over the week was $4.50 at Osceola on Monday, the only submitted quote of the past week from that location. The low quote of the week was $3.98 at Little Rock on Friday. Closing day prices ranged from the $3.98 low at Little Rock to a high of $4.25 at Old Town/Elaine. The ending quotes range of 27 cents was 18 cents narrower than the previous week with loss of the normally high Osceola market contributing to the narrowed closing range. Only four markets were providing price quotes for most of the week with Pine Bluff resuming submissions and Osceola ceasing after Monday.
(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.)