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03
Feb
2020
Arkansas corn market report for January 27-31, 2020 and monthly summary
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The past week for Arkansas No. 2 Yellow Corn Cash Market saw price fall 6 cents over the weekend to open trading.  The market posted a gain on Tuesday, but declined through the remainder of the week before stabilizing on Friday (Figure 1).  The market opened on Monday at a statewide average of $3.98, a 6 cent decline from both the previous week opening day and previous week closing average.  Price climbed on Tuesday to the weekly high of $4.03 before giving back the gain and more to close on Friday at a statewide average of $3.96, an overall loss of 8 cents from the previous week close.  Highest daily individual market price for the past week was $4.15 at Pine Bluff on Tuesday.  Low quote of the week was $3.70 at Little Rock on Thursday.  Closing prices on Friday ranged from a low of $3.71 at Little Rock to a high of $4.06 at Pine Bluff.  The closing range of 35 cents was 2 cents narrower than the previous week.  Seven markets provided price quotes each trading day of the past week. 

Figure 1. AR No. 2 Yellow Corn Cash Market Prices (January 27-31, 2020)

January cash trading in 2019 crop yellow corn began the month with great uncertainty as USDA-AMS published no reports from December 20-January 1.  The first weekly report of 2020 on January 2 saw the market with a statewide average of $4.02, 9 cents above the last December 2019 quote.  The market traded on generally a steady trend throughout the month with only a 20 cent overall spread from highest to lowest individual daily average (Figure 2).  The last trading report of the month occured on January 31 at $3.96, an overall improvement of 3 cents from the last daily average in December.  High individual daily market quote of the month was $4.19 at West Memphis on January 23.  The low individual daily market quote was $3.66 at Little Rock on January 16.  The overall statewide average for January was $4.00 for the 2019 crop No. 2 yellow corn, an improvement of 14 cents from the 2019 crop average in December 2019.

Figure 2. Month Summary-AR 2019 No. 2 Yellow Corn Cash Market Prices (January 2-31, 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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