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27
Jan
2020
Arkansas corn market report for Jan. 20-24, 2020
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The past week for Arkansas No. 2 Yellow Corn Cash Market started late after the Martin Luther King holiday on Monday.  Price fell 1 cent over the extended weekend and held steady through the midweek before posting a solid 10 cent gain on Thursday.  The gain was completely given back on Friday to end the week (Figure 1).  The market opened on Tuesday at a statewide average of $4.04, unchanged from the previous week opening day and 1 cent under the previous week closing average.  Price climbed on Thursday to the weekly high of $4.10 before giving back the gain and closing on Friday at a statewide average of $4.04, an overall loss of 1 cent from the previous week close.  Highest daily individual market price for the past week was $4.19 at West Memphis 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 $4.14 at Helena.  The closing range of 37 cents was 1 cent narrower than the previous week.  Six markets provided price quotes each trading day of the past week as Pine Bluff ceased providing quotes after Monday.

Figure 1. AR No. 2 Yellow Corn Cash Market Prices (Jan. 20-24, 2020)

(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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