By Bob Stark, Agricultural Economist and Jason Kelley, Professor and Extension Agronomist – Wheat and Feed Grains
The past week of trading in the Arkansas No. 2 Yellow Corn Cash Market was somewhat irregular with the Veterans Day holiday on Wednesday that divided the week. Price fell 5 cents over the past weekend, but rose 16 cents on Tuesday. The market fell 20 cents over the holiday break and regained 3 cents on Friday to close the trading week (Figure 1). The market opened trading on Monday at a statewide average of $4.08, a 6 cent loss from the statewide average opening price of the previous week opening day. Price rose to a weekly high daily average of $4.24 on Tuesday before the holiday decline. Friday saw the closing statewide average finish at $4.07, an overall 6 cent loss from the previous week closing average. Highest daily individual market price for the past week was $4.33 at Pine Bluff on Tuesday. Low quote of the week fell below $4.00 with $3.93 at Osceola on Thursday. The Osceola market resumed cash market reports on Thursday. Six markets now represent the state corn market. Prices for the closing on Friday from the reporting markets ranged from a low of $4.05 at Old Town/Elaine to a $4.21 high at Pine Bluff. The closing range of 16 cents was 3 cents wider than the previous week range.
(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.)