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21
Oct
2019
Arkansas corn market report for Oct. 14-18, 2019
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The Arkansas 2018 No. 2 Yellow Corn Cash Market had an extended weekend prior to the past trading week as USDA-AMS did not publish reports on Thursday or Friday of the previous week and then observed the Columbus Day holiday on Monday.  The market posted an extended weekend gain of 6 cents over the previous Wednesday closing price and opened on Monday at $3.89, an improvement of 13 cents over the previous week opening day price.  The market remained steady on Wednesday and gained 5 cents on Thursday before giving back most of that gain and closing at a Friday statewide average of $3.91 (Figure 1).  The closing price represented an 8 cent improvement over the Wednesday statewide average to end the previous week.  Highest daily individual market price for the short week was $4.02 at Osceola on Thursday.  Low quote of the week was $3.77 at Old Town/Elaine on Wednesday.  Friday closing prices ranged from a low of $3.86 at both Old Town/Elaine and Helena to a high of $3.98 at Osceola.  The 12 cent range was a 13 cent narrowing from the previous week closing range.  Six markets provided price quotes throughout the short week as Helena resumed reporting on Tuesday.

Figure 1. AR 2018 No. 2 Yellow Corn Cash Market Prices (Oct. 14-18, 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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