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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 30, 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.
The Arkansas No. 2 Yellow Corn cash market posted a 6 cent gain over the weekend to open at $4.62 on Monday. The statewide average traded slightly higher during the week to close on Friday at $4.63 (Figure 1). Friday’s average price was 7 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 11 cents. Four market locations provided price quotes during week (Figure 2).
Figure 1. Corn Cash Market Statistics
Figure 2. Corn Cash Market Elevator Prices
Table 1. Corn Cash Market Elevator Prices
Location
January 22
January 23
January 24
January 25
January 26
Elaine
4.58
4.59
4.64
Helena
North Little Rock
Osceola
4.65
4.66
4.71
West Memphis
4.68
4.69
4.74
This week, the booking market average posted a 4 cent gain over the weekend to open at $4.53 on Monday. The statewide average traded slightly higher during the week to close on Friday at $4.54 (Figure 3). Friday’s average price was 5 cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 31 cents. Three market locations across the state provided price quotes during the week (Figure 4).
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
4.51
4.52
4.57
4.56
(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.)