By Bob Stark, Agricultural Economist and Jason Kelley, Professor and Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market gained 4 cents over the past weekend, but price then remained with a 6 cent span until declining on Friday to end the week (Figure 1). Price opened on Monday at $3.56, 17 cents above the statewide average opening price of the previous week Monday trading. Price eventually rose to $3.58 on Thursday before losing 12 cents on Friday to end the week. The Friday closing statewide average was $3.46, an overall 6 cent decline from the previous week closing average. Highest daily individual market price for the past week was $3.76 at Osceola on Thursday. Low quote of the week was $3.27 at Little Rock on Friday. Price quotes were received daily from just three different markets during the past week with Pine Bluff absent on Monday. Closing prices on Friday across the four reporting markets ranged from the low of $3.27 at Little Rock to a high of $3.63 at Osceola. The closing range of 36 cents was 8 cents wider 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.)