Bid prices to farmers, FOB Memphis elevators by truck

Saturday, June 23, 2018

Bids      Change             Basis          Change
Corn       3.7225          UP 0.25            15N            UNCH
Soybeans   9.0350-9.0650   UP 14              9N to 12N      UNCH
SRW Wheat  5.1125-5.1625   DN 4               20N to 25N     UNCH
Sorghum    5.5000          UNCH               -70Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.7050-3.7150   UNCH               4U to 5U       UNCH
Soybeans   9.1425-9.1625   UP 14.75           -2X to OptX    UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.8600-5.9500   UNCH               -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

1344C      hr