Arkansas Corn 2021 Crop Cash and 2022 New Crop Booking Market Reports (February 4, 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.
2021 Crop Corn Cash Market Statistics and Elevator Prices
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)
|
Location |
January 31 |
February 1 |
February 2 |
February 3 |
February 4 |
|---|---|---|---|---|---|
|
Elaine |
6.46 |
6.55 |
6.43 |
6.37 |
6.41 |
|
Helena |
6.46 |
6.55 |
6.43 |
6.37 |
6.41 |
|
North Little Rock |
6.36 |
6.45 |
6.33 |
6.27 |
6.31 |
|
Osceola |
6.71 |
6.68 |
6.53 |
6.40 |
6.46 |
|
West Memphis |
6.66 |
6.70 |
6.58 |
6.52 |
6.56 |
Table 1. 2021 Crop Corn Cash Market Elevator Prices (January 31 – February 4, 2022)
2022 New Crop Corn Booking Market Statistics and Elevator Prices
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, 2022)
Figure 4. 2022 New Crop Corn Booking Market Elevator Prices (January 31 – February 4, 2022)
|
Location |
January 31 |
February 1 |
February 2 |
February 3 |
February 4 |
|---|---|---|---|---|---|
|
Elaine |
5.78 |
5.83 |
5.82 |
5.74 |
5.78 |
|
Helena |
5.81 |
5.86 |
5.82 |
5.74 |
5.78 |
|
Osceola |
5.75 |
5.84 |
5.78 |
5.67 |
5.72 |
|
West Memphis |
5.81 |
5.86 |
5.79 |
5.75 |
5.81 |
Table 2. 2022 New Crop Corn Booking Market Elevator Prices (January 31 – February 4, 2022)
January 2022 Corn Market Summary
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 Report.)