By Bob Stark, Agricultural Economist
The Arkansas No. 2 Yellow Corn Cash Market lost 8 cents over the past weekend and continued lower to midweek before turning around and eventually regaining most of its losses for the week (Figure 1). Price opened on Monday at $3.38, 18 cents under the statewide average opening price of the previous week Monday trading. Price eventually fell to a low of $3.35 on both Tuesday and Wednesday before rising the last two days of trading for the week. The Friday closing statewide average was $3.43, an overall 3 cent decline from the previous week closing average. Highest daily individual market price for the past week was $3.64 at Osceola on Friday. Low quote of the week was $3.16 at Little Rock on both Tuesday and Wednesday. Price quotes were received daily from four different markets during the past week. Closing prices on Friday across the four reporting markets ranged from a low of $3.23 at Little Rock to the high of $3.64 at Osceola. The closing range of 41 cents was 5 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.)