By Bob Stark, Agricultural Economist
The past week of reporting for the Arkansas 2018 No. 2 Yellow Corn Cash Market began on Tuesday as USDA-NASS celebrated Veterans Day holiday on Monday. The market lost 1 cent over the extended weekend and opened on Tuesday at $3.87, unchanged compared to the prior week opening day. Market price generally weakened throughout the week, reaching its low in Friday closing trade (Figure 1). The Friday statewide average stood at $3.81, a 7 cent decline from the previous week closing day average. Highest daily individual market price for the past week was $3.92 at West Memphis, Helena, and Old Town/Elaine on Tuesday. Low quote of the week was $3.71 at Little Rock on Friday. Closing prices on Friday ranged from the low of $3.71 at Little Rock to a high of $3.85 at West Memphis, Helena, and Old Town/Elaine. The 14 cent range was unchanged compared to 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.)