By Bob Stark, Agricultural Economist
The past week ended early for the Arkansas 2018 No. 2 Yellow Corn Cash Market as USDA-NASS announced on Wednesday that it would not be issuing the Arkansas Daily Grain Report on Thursday or Friday. Price had risen 12 cents over the prior weekend, fallen 8 cents on Tuesday, and recovered 2 cents on Wednesday to end the week of trading (Figure 1). Corn opened on Monday at a statewide average of $4.08, a decline of 8 cents from the previous week opening price. The market closed early on Wednesday at a statewide average of $4.02, an overall gain for the short week of 6 cents from the previous week closing day statewide average. Highest daily individual market price over the week was $4.15 at Pine Bluff on Wednesday. The low quote of the week was $3.89 at Old Town/Elaine on Tuesday. Wednesday closing day prices ranged from a low of $3.92 at Old Town/Elaine to the high of $4.15 at Pine Bluff. Individual market reporting remained somewhat inconsistent over the short week of trading as Old Town/Elaine resumed providing quotes on Tuesday. The ending quotes range of 23 cents was 5 cents narrower than the previous week. Five markets provided price quotes to end the 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.)