By Bob Stark, Agricultural Economist
Initial weakness in the Arkansas 2018 No. 2 Yellow Corn Cash Market was followed by generally steady trading through the remainder of the past week (Figure 1). Price fell 7 cents over the weekend and opened on Monday at a statewide average of $3.58, a decline of 24 cents from the previous week opening price. The market fell to a low of $3.52 on Tuesday before stabilizing and trading within a 4 cent window for the remainder of the week. The Friday closing statewide average was $3.53, an overall loss for the week of 12 cents from the previous week closing day statewide average. Highest daily individual market price over the week was $3.75 at Pine Bluff on Monday. The low quote of the week was $3.40 at Old Town/Elaine on Friday. The closing day prices ranged from the low of $3.40 at Old Town/Elaine to a high of $3.70 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 unchanged from 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.)