By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market was unchanged over the weekend and the lack of movement generally carried through the entire past week (Figure 1). The market opened on Monday at a statewide average of $3.55, a decline of 13 cents from the previous week opening day average. Price rose daily Tuesday through Thursday before retreating 4 cents in closing trade on Friday. The market ended trading at a statewide average of $3.58, a modest 3 cent overall gain for the week compared to the previous week close. Highest daily individual market price for the week was $3.71 at Osceola on Thursday. Low quote of the week was $3.34 at Little Rock on Monday. Closing prices on the last trading day ranged from a low of $3.36 at Little Rock to a high of $3.65 at Osceola. The closing range of 29 cents was 2 cents narrower than the previous week. Six markets provided price quotes for 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.)