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by Brian Deaton, Associate Professor and Extension Economist, and Jason Kelley, Professor and Extension Agronomist - Wheat and Feed Grains - June 27, 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 24-cent loss over the weekend to open at $7.81 on Tuesday. The USDA-AMS did not publish a market report on Monday. The statewide average trended downwards to close on Friday at $7.70 (Figure 1). Friday’s average price was 35 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 0 cents because only one market location provided price quotes throughout the week (Figure 2). For details on price quotes, see Table 1.
Figure 1. 2021 Crop Corn Cash Market Statistics (June 20 – 24, 2022)
Figure 2. 2021 Crop Corn Cash Market Elevator Prices (June 20 – 24, 2022)
Table 1. 2021 Crop Corn Cash Market Elevator Prices (June 20 – 24, 2022)
Location
June 20
June 21
June 22
June 23
June 24
Elaine
Helena
North Little Rock
7.81
7.88
7.67
7.70
Osceola
West Memphis
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 a 28-cent loss over the weekend to open at $7.22 on Tuesday. The USDA-AMS did not publish a market report on Monday. The statewide average trended downwards during the week to close on Friday at $6.95 (Figure 3). Friday’s average price was 55 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 11 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 (June 20 – 24, 2022)
Figure 4. 2022 New Crop Corn Booking Market Elevator Prices (June 20 – 24, 2022)
Table 2. 2022 New Crop Corn Booking Market Elevator Prices (June 20 – 24, 2022)
7.21
7.17
6.82
6.98
7.06
6.72
6.87
7.29
7.12
6.77
(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.)