By Bob Stark, Agricultural Economist and Jason Kelley, Professor and Extension Agronomist – Wheat and Feed Grain
The Arkansas No. 2 Yellow Corn Cash Market continued to strengthen during the past week follow a 2 cent weekend gain (Figure 1). The market opened trading on Monday at $4.18, a 13 cent gain over the statewide average opening price of the previous week opening day. Price rose 3 and 5 cents, respectively, on Tuesday and Wednesday. No USDA-AMS report was published on Thursday. Friday trading capped the week with an 8 cent gain that lifted the closing statewide average to $4.34, an overall 18 cent gain from the previous week closing average. Highest daily individual market price for the past week was $4.41 at West Memphis on Friday. Low quote of the week was $4.10 at Little Rock on Monday. Seven markets provided quotes each trading day during the past week. Prices for the closing on Friday from the seven reporting markets ranged from a low of $4.24 at Little Rock to the $4.41 high at West Memphis. The closing range of 17 cents was 1 cent narrower than the previous week span.
(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.)