By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains
The generally steady prices of the previous week were left behind by the Arkansas No. 2 Yellow Corn Cash Market as the past short week of trading saw a steady decline (Figure 1). No report was issued by USDA-AMS on Monday in observance of Presidents’ Day. The market gained 2 cents over the extended weekend and opened on Tuesday at a statewide average of $3.97, a 1 cent improvement from the previous week opening day average. Price lost 1 to 2 cents daily before closing on Friday at a statewide average of $3.92, a 3 cent decline for the week compared to the previous week close. Highest daily individual market price for the short week was $4.05 at both Osceola and Pine Bluff on Tuesday. Low quote of the week was $3.67 at Little Rock on Friday. Closing prices on Friday ranged from the low of $3.67 at Little Rock to a high of $4.01 at Pine Bluff. The closing range of 34 cents was 1 cent narrower than the previous week. Five markets provided price quotes on each trading day of the past 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.)