By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains
A mild weekend decline in the Arkansas No. 2 Yellow Corn Cash Market was quickly reclaimed to start the past week, but price then moved lower through the remainder of the week (Figure 1). The market lost 3 cents over the weekend and opened on Monday at a statewide average of $3.90, but that price was still 6 cents above the previous week opening day average. Price recovered fully on Tuesday to a $3.94 statewide average, but then moved lower each subsequent day, ending the week at a statewide average of $3.81, a 12 cent overall loss for the week compared to the previous week close. Highest daily individual market price for the week was $4.03 at both West Memphis and Old Town/Elaine on Tuesday. Low quote of the week was $3.56 at Little Rock on both Thursday and Friday. Closing prices on the last trading day ranged from the low of $3.56 at Little Rock to a high of $3.91 at both Osceola and West Memphis. The closing range of 35 cents was unchanged from the previous week. Six markets provided price quotes each 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.)