By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market saw price fall over the weekend, climb in the first half of the week and decline over the second half (Figure 1). The market lost 3 cents over the weekend and opened on Monday at a statewide average of $3.84, a 3 cent decline from the previous week opening day average. Price then moved higher, reaching a peak of $4.01 on Wednesday before falling over the remaining 2 days of trade. The market ended the week at a statewide average of $3.93, a 6 cent overall gain for the week compared to the previous week close. Highest daily individual market price for the week was $4.11 at Osceola on Wednesday. Low quote of the week was $3.66 at Little Rock on both Monday and Friday. Closing prices on the last trading day ranged from the low of $3.66 at Little Rock to a high of $4.01 at Osceola, Old Town/Elaine, and West Memphis. The closing range of 35 cents was 1 cent wider than the previous week. Six markets provided price quotes for most of the past week with West Memphis, Osceola, and Helena resuming price quotations on Tuesday after being absent on 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.)