Arkansas Corn Cash and Booking Market Reports - January 12, 2024

by Brian Deaton Associate Professor-UAM College of Forestry, Agriculture, and Natural Resources, Monticello and Extension Economist, UA Division of Agriculture and Jason Kelley Professor and Extension Agronomist – Wheat & Feed Grains University of Arkansas Cooperative Extension Service, Little Rock - January 19, 2024

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.

Corn Cash Market Statistics and Elevator Prices

The Arkansas No. 2 Yellow Corn cash market posted a 2 cent loss over the weekend to open at $4.60 on Monday. The statewide average traded lower during the week to close on Friday at $4.51 (Figure 1). Friday’s average price was 11 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 26 cents. Four market locations provided price quotes during week (Figure 2).

Line graph showing corn cash market statewide price statistics

Figure 1. Corn Cash Market Statistics

Figure 2. Corn Cash Market Elevator

Table 1. Corn Cash Market Elevator Prices

Location	January 8	January 9	January 10	January 11	January 12
Elaine	4.50	4.54	4.55	4.53	4.42
Helena	4.50	4.54	4.55	4.53	4.42
North Little Rock
Osceola	4.60	4.64	4.65	4.63	4.52
West Memphis	4.63	4.67	4.68	4.66	4.55

Corn 2024 February - 2024 September Booking Market Statistics and Elevator Prices

This week, the booking market average posted a 9 cent loss over the weekend to open at $4.56 on Monday. The statewide average traded lower during the week to close on Friday at $4.48 (Figure 3). Friday’s average price was 17 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 13 cents. Three market locations across the state provided price quotes during the week (Figure 4).

Line graph showing corn booking market statewide price statistics

Figure 3. Corn 2024 February - 2024 September Booking Market Statistics

Figure 4. Corn 2024 February - 2024 September Booking Market Elevator Prices

Table 2. Corn 2024 February - 2024 September Booking Market Elevator Prices

Location	January 8	January 9	January 10	January 11	January 12
Elaine	4.55	4.59	4.58	4.56	4.47
Helena	4.55	4.59	4.58	4.56	4.47
Osceola	4.69	4.73	4.74	4.72	4.61
West Memphis

(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.)