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by Brian Deaton, Associate Professor and Extension Economist, and Jason Kelley, Professor and Extension Agronomist - Wheat and Feed Grains - August 8, 2022
This report is a weekly newsletter summarizing cash market and forward price quotes from selected markets as reported to the USDA Agricultural Marketing Service in Arkansas.
The Arkansas No. 2 Yellow Corn cash market average posted an 11-cent gain over the weekend to open at $6.27 on Monday. The statewide average traded sideways to close on Friday at $6.29 (Figure 1). Friday’s average price was 13 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 38 cents. Two market locations provided price quotes throughout the week (Figure 2). For details on price quotes, see Table 1.
Figure 1. 2021 Crop Corn Cash Market Statistics (August 1 – 5, 2022)
Figure 2. 2021 Crop Corn Cash Market Elevator Prices (August 1 – 5, 2022)
Table 1. 2021 Crop Corn Cash Market Elevator Prices (August 1 – 5, 2022)
Location
August 1
August 2
August 3
August 4
August 5
North Little Rock
6.07
5.91
5.92
6.02
6.10
Osceola
6.46
6.30
6.40
6.48
The USDA Agricultural Marketing Service began reporting booking prices for the 2022 Arkansas No. 2 Yellow Corn market on October 21, 2021, for 2022 August-September delivery. This week, the booking market average posted an 11-cent loss over the weekend to open at $6.29 on Monday. The statewide average traded sideways during the week to close on Friday at $6.28 (Figure 3). Friday’s average price was 12 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 18 cents. Four market locations across the state provided price quotes throughout the week (Figure 4). For details on price quotes, see Table 2.
Figure 3. 2022 New Crop Corn Booking Market Statistics (August 1 – 5, 2022)
Figure 4. 2022 New Crop Corn Booking Market Elevator Prices (August 1 – 5, 2022)
Table 2. 2022 New Crop Corn Booking Market Elevator Prices (August 1 – 5, 2022)
Elaine
6.35
6.17
6.18
6.24
6.36
Helena
6.20
6.00
5.99
6.09
6.14
West Memphis
6.27
6.11
6.12
6.25
(Market average prices stated in this report are unweighted averages of the state markets surveyed by USDA-AMS. Price data is based on the Arkansas Daily Grain Bids Report.)