By Bob Stark, Agricultural Economist and Jason Kelley, Professor and Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market had an “up-and-down” week as price rose 7 cents over the weekend, but then moved lower on most trading days before recovering partially on Friday (Figure 1). Price opened on Monday at $3.42, 23 cents over the statewide average opening price of the previous week Monday trading. The market moved lower by 3-4 cents each day until Friday when it reversed course and posted a 4 cent gain. Price closed at a statewide average of $3.39, an overall 4 cent improvement from the previous week closing average. Highest daily individual market price for the past week was $3.50 at Pine Bluff on Monday. Low quote of the week was $3.15 at Little Rock on both Wednesday and Thursday. Six markets provided quotes each trading day during the past week. Closing prices on Friday across the six reporting markets ranged from a low of $3.17 at Little Rock to a high of $3.49 at Osceola. The closing range of 32 cents was 4 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.)