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Arkansas corn market report for Aug. 5-9, 2019
Author: Bob Stark, Agricultural Economist

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.

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (Aug. 5-9, 2019)

(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.)

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