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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 14, 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 1 cent gain over the weekend to open at $4.01 on Monday. The statewide average traded lower during the week to close on Friday at $3.91 (Figure 1). Friday’s average price was 9 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 0cents. One market location provided price quotes during week (Figure 2).
Figure 1. Corn Cash Market
Table 1. Corn Cash Market Elevator Prices
Location
October 7
October 8
October 9
October 10
October 11
Elaine
Helena
North Little Rock
Osceola
West Memphis
4.01
3.96
3.94
3.91
This week, the booking market average posted a 1 cent gain over the weekend to open at $4.36 on Monday. The statewide average traded lower during the week to close on Friday at $4.26 (Figure 3). Friday’s average price was 9 cents below the previous week’s closing average price. This week’s average daily price range (maximum - minimum) was 48 cents. Four market locations across the state provided price quotes during the week (Figure 4).
Table 2. Corn 2024 November - December Booking Market Elevator Prices
4.41
4.36
4.34
4.31
4.44
4.39
4.37
4.46
4.25
4.20
4.18
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.)