Bid prices to farmers, FOB Memphis elevators by truck

Tuesday, July 3, 2018

Bids      Change             Basis          Change
Corn       3.5250-3.5700   DN 12.75-DN 13.25  15N to 10U     UNCH to DN 10
Soybeans   8.5750-8.6350   DN 10              9N to 10Q      UNCH to DN 5
SRW Wheat  5.0025-5.0225   DN 17.25-DN 25.25  20N to 22U     UNCH to DN 8
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.5100-3.5500   DN 12.5            4U to 8U       UNCH
Soybeans   8.6750-8.6950   DN 10.5            -2X to OptX    UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.5200-5.6100   DN 22              -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: June 2018

No. 2 Yellow Corn                       3.7887
No. 1 Yellow Soybeans                   9.3555
No. 2 Soft Red Winter Wheat             5.2206
No. 1 Yellow Sorghum                    5.6395

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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