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.
(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.)