By Bob Stark, Agricultural Economist and Jason Kelley, Professor and Extension Agronomist – Wheat and Feed Grains
The Arkansas No. 2 Yellow Corn Cash Market declined 5 cents over the past weekend and remained generally steady throughout the trading week (Figure 1). The market opened trading on Monday at a statewide average of $4.14, a 21 cent loss from the statewide average opening price of the previous week opening day. Price traded 3 cents above to 1 cent below that average on every trading day. Friday saw the closing statewide average finish at $4.13, an overall 6 cent loss from the previous week closing average. Highest daily individual market price for the past week was higher with $4.24 at West Memphis on Tuesday. Low quote of the week was $4.03 at Little Rock on Monday. Two markets discontinued current cash market reports leaving five markets to represent the state corn market. Blytheville and Osceola were normally at or above the statewide average price. Their absence would tend to lower the overall statewide average. Prices for the closing on Friday from the five reporting markets ranged from a low of $4.07 at Little Rock to a $4.20 high at Helena. The closing range of 13 cents was half the width of the previous week reflecting the loss of the two higher quote markets.
(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.)