By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market remained fairly stable for the second straight week, trading within a 5 cent range over all trading days (Figure 1). Price fell 1 cent over the past weekend and opened on Monday at $3.24, 4 cents above the previous Monday opening average. But the market could not establish a trend and closed on Friday at $3.27, an overall 2 cent rise from the previous Friday average. Highest daily individual market price for the past week was $3.39 at West Memphis on Friday. Low quote of the week was $3.03 at Little Rock on both Wednesday and Thursday. Closing prices on Friday ranged from a low of $3.04 at Little Rock to the high of $3.39 at West Memphis. The closing range of 35 cents was 4 cents wider than the previous week. Six markets continued to provide price quotes 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.)