By Bob Stark, Agricultural Economist
The Arkansas 2018 No. 2 Yellow Corn Cash Market suffered significant losses through the first half of the week before turning around and regaining a portion of its lost value. Price fell 20 cents over the weekend and opened on Monday at a statewide average of $3.82, a decline of 26 cents from the previous week opening price. The market fell to a low of $3.52 on Wednesday before posting two days of moderate gains and closing at a statewide average of $3.65 on Friday, an overall loss for the week of 57 cents from the previous week closing day statewide average (Figure 1). Highest daily individual market price over the week was $3.93 at Pine Bluff on Monday. The low quote of the week was $3.34 at Old Town/Elaine on Wednesday. Friday closing day prices ranged from a low of $3.51 at Old Town/Elaine to a high of $3.81 at Pine Bluff. Individual market reporting was consistent over the week of trading as six markets provided price quotes each day of the week. The ending quotes range of 30 cents was 7 cents wider than the previous 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.)