Bid prices to farmers, FOB Memphis elevators by truck

Friday, June 29, 2018

Bids      Change             Basis          Change
Corn       3.6000-3.6500   DN 7.5-DN 2.5      15N to 20N     UNCH to UP 5
Soybeans   8.7025-8.7625   DN 6.25-DN 3.25    9N to 15N      UNCH to UP 3
SRW Wheat  4.9950-5.0950   UNCH               20N to 30N     UNCH
Sorghum    5.2900          DN 13              -70Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.5825-3.6225   DN 7.5-DN 4.5      4U to 8U       UNCH to UP 3
Soybeans   8.8150-8.8350   DN 5.5             -2X to OptX    UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.6400-5.7300   DN 13              -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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