By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist
The Arkansas No. 2 Yellow Corn Cash Market remained fairly stable through the past week, solidifying upon the steady prices that ended the previous week. Price fell 2 cents over the past weekend and opened on Monday at $3.20, 4 cents above the previous Monday opening average. The market traded all week within a 5 cent range, closing on Friday at $3.25, an overall 3 cent rise from the previous Friday average (Figure 1). Highest daily individual market price for the past week was $3.35 at Osceola on Friday. Low quote of the week was $2.99 at Little Rock on Wednesday. Closing prices on Friday ranged from a low of $3.04 at Little Rock to the high of $3.35 at Osceola. The closing range of 31 cents was 10 cents wider than the previous week. Six markets provided price quotes each day of the past week as Old Town/Elaine rejoined West Memphis, Helena, Osceola, Pine Bluff, and Little Rock.
(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.)