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 third straight week, trading within a 4 cent range over all trading days in the Memorial Day-shortened week (Figure 1). Price rose 2 cents over the past weekend and opened on Monday at $3.29, 5 cents above the previous Monday opening average. The market rose to $3.31 on Tuesday, but moved slightly lower to an early close on Thursday at $3.28, an overall 1 cent rise from the previous Friday closing average. Highest daily individual market price for the past week was $3.44 at Osceola on Tuesday. Low quote of the week was $3.03 at Little Rock on Thursday. Closing prices on Thursday ranged from the low of $3.03 at Little Rock to a high of $3.40 at Osceola. The closing range of 37 cents was 2 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.)