Bid prices to farmers, FOB Memphis elevators by truck

Friday, June 22, 2018

Bids      Change             Basis          Change
Corn       3.7200          UP 9.75-UP 2.75    15N            UP 7 to UNCH
Soybeans   8.8950-8.9250   DN 6-DN 9          9N to 12N      UP 3 to UNCH
SRW Wheat  5.1525-5.2025   UP 7               20N to 25N     UNCH
Sorghum    5.5000          UP 4               -70Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.7050-3.7150   UP 2.75            4U to 5U       UNCH
Soybeans   8.9950-9.0150   DN 9               -2X to OptX    UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.8600-5.9500   UP 4               -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

1340C      hr