By Bob Stark, Agricultural Economist
Trading in the Arkansas No. 2 Yellow Corn Cash Market ended early this week as USDA-AMS did not publish a Friday report. The trend for the week was established with a 6 cent weekend price increase and the market added solid gains each subsequent trading day (Figure 1). Price opened on Monday at $3.45, 3 cents over the statewide average opening price of the previous week Monday trading. The market added 2 to 10 cents each subsequent day and closed on Thursday at a statewide average of $3.61, an overall 22 cent improvement from the previous week closing average. Highest daily individual market price for the past week was $3.66 at Osceola on Tuesday. Low quote of the week was $3.22 at Little Rock on Monday. Seven markets provided quotes each trading day during the past week as West Memphis resumed reporting. Prices for the early closing on Thursday across the seven reporting markets ranged from a low of $3.54 at Little Rock to a high of $3.64 at both Helena and Pine Bluff. The closing range of 10 cents was 22 cents narrower than the previous week as the closing market quotes quickly converged in price.
(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.)