By Bob Stark, Agricultural Economist
The Arkansas No. 2 Yellow Corn Cash Market opened 2020 with renewed price strength compared to the 2019 reporting year close (Figure 1). Reporting by USDA-AMS had ended on December 20, 2019. The market reopened on Thursday, January 2 at a statewide average of $4.02, an increase of 9 cents over the last trading day average prior to the holiday report suspension. Price lost 3 cents on Friday to close at a statewide average of $3.99. Highest daily individual market price for the two day period was $4.12 at Pine Bluff on Thursday. Low quote of the week was $3.77 at Little Rock on Friday. Closing prices on Friday ranged from the low of $3.77 at Little Rock to a high of $4.07 at both Helena and Pine Bluff, a 30 cent range. Seven markets provided price quotes on at least one of the two trading days. A full five days of market reporting should be summarized in this report next 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.)