Bid prices to farmers, FOB Memphis elevators by truck

Saturday, June 28, 2014

                 Bids      Change             Basis          Change
Corn       4.7300          UP 0.25            30N            UNCH
Soybeans   14.4400-14.5200 DN 5               12N to 20N     UNCH
SRW Wheat  5.8025-5.8525   UP 18-UP 8         -5N to OptN    UP 15 to UP 5
Sorghum    8.2700          UP 1               20N            UNCH

Contract Bids for New Crop Delivery
Corn       4.3725          UP 3.25            -5U            UNCH
Soybeans   12.4600         DN 16.25           18X            UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    8.7900          UP 16-UP 7         45Z            UP 5 to UNCH

* All bids are $/bu except Sorghum, which is $/cwt.
NA = Not Available  No Comp = No Comparison

Chicago Board of Trade month symbols: F January, G February, H March,
J April, K May, M June, N July, Q August, U September, V October,
X November, Z December
Monthly Prices for: May 2014

No. 2 Yellow Corn                       5.1338
No. 1 Yellow Soybeans                  15.0258
No. 2 Soft Red Winter Wheat             6.8802
No. 1 Yellow Sorghum                    9.2187

Source: USDA-AR Coop Ext Service, Little Rock, AR
        Heather Riley  501-671-2200

1350C      hr