Bid prices to farmers, FOB Memphis elevators by truck

Tuesday, June 19, 2018

Bids      Change             Basis          Change
Corn       3.6400-3.7100   DN 7.25-DN 5.25    8N to 15N      DN 2 to UNCH
Soybeans   9.1450-9.2050   UP 3               6N to 12N      UNCH
SRW Wheat  5.0800-5.1500   DN 7.5-DN 9.5      18N to 25N     UP 2 to UNCH
Sorghum    5.4900          DN 9               -70Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.6850-3.7050   DN 5.25            3U to 5U       UNCH
Soybeans   9.2750-9.3150   DN 3-UP 1          -4X to OptX    DN 4 to UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.8400-5.9300   DN 10              -50Z to -45Z   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 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

1348C      hr