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Arkansas Corn Market Report and Monthly Summary for March 2020
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains

The Arkansas No. 2 Yellow Corn Cash Market lost 5 cents over the weekend and carried the trend throughout the entire past trading week (Figure 1). The market opened on Monday at a statewide average of $3.53, a decline of just 2 cents from the previous week opening day average. But price declined daily, eventually reaching a weekly low on Friday at a statewide average of $3.40, a loss of 18 cents from the previous week close. Highest daily individual market price for the week was $3.63 at Osceola on Tuesday. Low quote of the week was $3.16 at Little Rock on Friday. Closing prices on the last trading day ranged from the low of $3.16 at Little Rock to a high of $3.58 at Osceola. The closing range of 42 cents was 13 cents wider than the previous week, but was possibly influenced by the stoppage of the Helena, West Memphis and Old Town/Elaine market reports during the week. Only three markets provided price quotes for each day of the past week.

Arkansas No. 2 Yellow Corn Cash Market Prices for March 20 – April 3, 2020

March cash trading in 2019 crop yellow corn began the month promising with 12 and 5  cent gains on the second and third trading days after losing 3 cents to open the month.  The decline from the last February trading day average put the opening day statewide average at $3.84.  Trading throughout most of the month was weaker with price making a major decline over the March 13 to 18 period.  Price recovered modestly and remained basically steady over the last two weeks (Figure 2).  Corn ended the month at $3.52, an overall decline of 35 cents from the last daily average in February.  High individual daily market quote of the month was $4.11 at Osceola on March 4.  The low individual daily market quote was $3.25 at Little Rock on March 18.  The overall statewide average for March was $3.72 for the 2019 crop No. 2 yellow corn, down 21 cents from the 2019 crop average in February.  The 2020 annual average over the first two months now stands at $3.88 per bushel.

Arkansas 2019 No. 2 Yellow Corn Cash Market Prices Month Summary for March 2 – 31, 2020

(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.)

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