Bid prices to farmers, FOB Memphis elevators by truck

Saturday, June 16, 2018

Bids      Change             Basis          Change
Corn       3.7125-3.7625   DN 1.75            10N to 15N     UNCH
Soybeans   9.1150-9.1750   DN 21.75           6N to 12N      UNCH
SRW Wheat  5.1550-5.2450   DN 2               16N to 25N     UNCH
Sorghum    5.5800          DN 4               -70Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.7375-3.7575   DN 2               3U to 5U       UNCH
Soybeans   9.3050          DN 19.5            OptX           UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.9400-6.0300   UP 15-UP 6         -50Z to -45Z   UP 10 to UP 5

* 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 2018

No. 2 Yellow Corn                       4.1830
No. 1 Yellow Soybeans                  10.3294
No. 2 Soft Red Winter Wheat                NA
No. 1 Yellow Sorghum                       NA

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

1350C      hr