By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market lost 4 cents over the weekend, but fully regained the loss on Monday and held virtually steady throughout the remainder of the past trading week (Figure 1). The market opened on Monday at a statewide average of $3.36, a decline of 17 cents from the previous week opening day average. But price rose 6 cents on Tuesday and remained within a 2 cent span, eventually closing at a statewide average of $3.41, an actual gain of 1 cent from the previous week close. Trading closed early on Thursday as the markets observed Good Friday. Highest daily individual market price for the short week was $3.57 at Osceola on Tuesday. Low quote of the week was $3.18 at Little Rock on Monday. Closing prices on the last trading day ranged from the low of $3.18 at Little Rock to a high of $3.55 at Osceola. The closing range of 37 cents was 5 cents narrower than the previous week. Only three markets, Osceola, Pine Bluff, and Little Rock, 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.)