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Delta Farm Press
by Brian Deaton, Associate Professor and Extension Economist, and Jason Kelley, Professor
and Extension Agronomist - Wheat and Feed Grains - February 7, 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 a 10 cent loss over the
weekend to open at $6.53 on Monday. The statewide average traded lower during the
week to close at $6.43 on Friday (Figure 1). Friday’s average price was 20 cents below
the previous week’s closing average price. This week’s average daily price range (maximum
- minimum) was 28 cents. Five market locations across the state provided price quotes
throughout the week (Figure 2). For more details on price quotes, see Table 1.
Figure 1. 2021 Crop Corn Cash Market Statistics (January 31 – February 4, 2022)
Figure 2. 2021 Crop Corn Cash Market Elevator Prices (January 31 – February 4, 2022)
North Little Rock
Table 1. 2021 Crop Corn Cash Market Elevator Prices (January 31 – February 4, 2022)
The USDA Agricultural Marketing Service began reporting booking prices for the 2022
Arkansas No. 2 Yellow Corn market on October 21 for 2022 August-September delivery.
This week, the booking market average posted a 1 cent gain over the weekend to open
at $5.78 on Monday. The statewide average then traded sideways during the week to
close at $5.77 on Friday (Figure 3). Friday’s average price was the same as the previous
week’s closing average price. This week’s average daily price range (maximum - minimum)
was 6 cents. Four market locations across the state provided price quotes throughout
the week (Figure 4). For more details on price quotes, see Table 2.
Figure 3. 2022 New Crop Corn Booking Market Statistics (January 31 – February 4,
Figure 4. 2022 New Crop Corn Booking Market Elevator Prices (January 31 – February
Table 2. 2022 New Crop Corn Booking Market Elevator Prices (January 31 – February
Arkansas No. 2 Yellow Corn prices for both the 2021 crop cash market and the 2022
crop booking market trended upward over the month of January (Figure 5). The cash
market opened at $6.06 on the 3rd and closed at $6.53 on the 31st for a monthly gain of 47 cents. The booking market opened the month at $5.56 and
closed at $5.78 for a monthly gain of 23 cents.
Figure 5. Arkansas No. 2 Yellow Corn Statewide Averages (January 1 - 31, 2022)
(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