By Bob Stark, Agricultural Economist and Jason Kelley, Professor/Extension Agronomist
The Arkansas No. 2 Yellow Corn Cash Market was described as 0.75 cent lower over the past weekend compared to price quotes on Friday of last week, but the addition of the strong Osceola market on Monday drove the simple statewide average 1 cent higher. The market continued that modest, daily strengthening throughout the week (Figure 1). Price opened on Monday at $3.38, 2 cents over the previous week Monday opening average. The small, daily gains carried the market to a Friday closing statewide average of $3.43, an overall 6 cent gain from the previous week closing average. Highest daily individual market price for the past week was $3.51 at Osceola on Friday. Low quote of the week was $3.19 at Little Rock on Monday. Price quotes were received daily from six individual markets. The addition of the Osceola market this Friday makes closing price range comparisons with the previous week somewhat suspect. Closing prices on Friday ranged from a low of $3.33 at Little Rock to the high of $3.51 at Osceola. The closing range of 18 cents was 7 cents narrower than the previous 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.)