By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat & Feed Grains
A big weekend decline in the Arkansas No. 2 Yellow Corn Cash Market continued through midweek before price recovered somewhat and generally stabilized to end the week of trading (Figure 1). The market lost 13 cents over the weekend and opened on Monday at a statewide average of $3.68, an overall decline of 22 cents from the previous week opening day average. Price continued lower on both Tuesday and Wednesday to a $3.45 statewide average bottom. An 11 cent recovery on Thursday was then generally held to close the week as trading ended at a statewide average of $3.55, a 26 cent overall loss for the week compared to the previous week close. Highest daily individual market price for the week was $3.80 at Osceola on Monday. Low quote of the week was $3.25 at Little Rock on Wednesday. Closing prices on the last trading day ranged from a low of $3.34 at Little Rock to a high of $3.65 at Osceola. The closing range of 31 cents was 4 cents narrower than the previous week. Six markets continued to provide price quotes for most days of the past week with the only exception being the absence of a Pine Bluff quotation on Thursday.
(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.)