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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 - October 2, 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 10 cent gain over the weekend to open at $3.82 on Monday. The statewide average traded higher during the week to close on Friday at $3.92 (Figure 1). Friday’s average price was 20cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 14 cents. Four market location provided price quotes during week (Figure 2).
Table 1. Corn Cash Market Elevator Prices
Location
September 23
September 24
September 25
September 26
September 27
Elaine
3.84
3.82
3.85
3.93
3.98
Helena
North Little Rock
Osceola
3.74
3.72
3.75
3.77
West Memphis
3.87
3.88
3.86
3.91
This week, the booking market average posted a 12 cent gain over the weekend to open at $4.22 on Monday. The statewide average traded higher during the week to close on Friday at $4.27 (Figure 3). Friday’s average price was 17cents above the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 50 cents. Four market locations across the state provided price quotes during the week (Figure 4).
Table 2. Corn 2024 October - December Booking Market Elevator Prices
4.29
4.27
4.30
4.28
4.33
4.32
4.31
4.36
4.26
4.35
4.12
4.10
4.13
4.11
4.16
(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.)