Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, June 27, 2018

Bids      Change             Basis          Change
Corn       3.6750          UP 2               15N            UNCH
Soybeans   8.7625-8.7925   DN 7.25            9N to 12N      UNCH
SRW Wheat  4.8950-4.9450   DN 7.25            20N to 25N     UNCH
Sorghum    5.4200          UP 4               -70Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.5925-3.6625   DN 4.25-UP 1.75    -2U to 5U      DN 6 to UNCH
Soybeans   8.8550-8.8750   DN 8               -2X to OptX    UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.7700-5.8600   UP 3               -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

1350C      hr