By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market was a fraction of a cent lower over the weekend and price continued to fall into the middle of the past week. The market finally turned around on Thursday and Friday with small gains (Figure 1). The Corn Cash Market opened on Monday at a statewide average of $3.41, a 5 cent improvement over the previous week opening day average. But price lost a total of 14 cents through Wednesday before the late week rally. Gains of 3 and 2 cents, respectively, on Thursday and Friday carried the market to an eventual closing statewide average of $3.32, a loss of 9 cents from the previous week close. Highest daily individual market price for the past week was $3.55 at Osceola on Monday. Low quote of the week was $3.09 at Little Rock on Wednesday. Closing prices on Friday ranged from a low of $3.12 at Little Rock to a high of $3.39 at Osceola. The closing range of 27 cents was 10 cents narrower than the previous week. Only three markets, Osceola, Pine Bluff, and Little Rock, provided price quotes, but did provide quotes on 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.)