By Bob Stark, Agricultural Economist and Jason Kelley, Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market suffered a sharp downturn in price to open June trading before resuming its May trend of modest gains (Figure 1). Price fell 8 cents over the weekend and opened on Monday at $3.28, 1 cent under the previous week Monday opening average. The market saw gains of 5 cents or less on three of the four remaining days of trade and closed on Friday at an ending statewide average of $3.34, an overall 2 cent loss from the previous week closing average. Highest daily individual market price for the past week was $3.44 at Helena on Friday. Low quote of the week was $3.13 at Little Rock on Monday. Readers show note that Osceola, frequently the highest Arkansas individual market, failed to provide any market quotes during the past week and both West Memphis and Old Town/Elaine ceased submissions after Tuesday. Closing prices on Friday ranged from a low of $3.21 at Little Rock to a high of $3.44 at Helena. The closing range of 23 cents was 10 cents narrower than the previous week, undoubtedly due in part to the reduced number of reporting markets.
(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.)