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.
(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.)