Bid prices to farmers, FOB Memphis elevators by truck

Thursday, June 21, 2018

Bids      Change             Basis          Change
Corn       3.6225-3.6925   UP 0.5             8N to 15N      UNCH
Soybeans   8.9550-9.0150   UP 0.5             6N to 12N      UNCH
SRW Wheat  5.0825-5.1325   UP 12.5-UP 10.5    20N to 25N     UP 2 to UNCH
Sorghum    5.4600          UNCH               -70Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.6775-3.6875   UP 1.5-UP 0.5      4U to 5U       UP 1 to UNCH
Soybeans   9.0850-9.1050   UP 1.5-DN 0.5      -2X to OptX    UP 2 to UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.8200-5.9100   UP 1               -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
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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
        www.ams.usda.gov/mnreports/lr_gr110.txt
        www.ams.usda.gov/LPSMarketNewsPage

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