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27
Apr
2020
Arkansas Corn Market Report for April 20 – 24, 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 has begun to fall into a weekly cycle of a steady price weekend followed by multiple price declining weekends.  Daily price changes during the weeks have been irregular and has often held fairly steady.  The immediate past weeks are a case in point.  Price had held steady at $3.55 over the next to last weekend in March.  During the last ten days of March, price rose briefly and then fell 3 cents.  The market continued lower into April before staging a brief, pre-Easter rally that remained steady over the extended Easter weekend.  Now we have seen another weekend loss followed by a relatively steady week.  Price fell 7 cents over the immediate past weekend and opened last Monday at $3.25, 16 cents under the previous Monday opening average.  The market bounced up and down through the week within a 5 cent higher or lower range and closed on Friday at $3.26, a 6 cent decline from the previous Friday average (Figure 1).  Highest daily individual market price for the past week was $3.37 at Osceola on both Wednesday and Thursday.  Low quote of the week was $2.99 at Little Rock on Tuesday.  Closing prices on Friday ranged from a low of $3.06 at Little Rock to a high of $3.35 at Osceola.  The closing range of 29 cents was 2 cents wider than the previous week.  Four markets, Helena, Osceola, Pine Bluff, and Little Rock, provided price quotes on each day of the past week.

Arkansas No. 2 Yellow Corn Cash Market Prices (April 20 – 24, 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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