Bid prices to farmers, FOB Memphis elevators by truck

Friday, July 6, 2018

Bids      Change             Basis          Change
Corn       3.6225          UP 10.25-UP 0.25   10U            UP 10 to UNCH
Soybeans   8.4925-8.4975   DN 8.75-DN 8.5     10Q to -6X     UNCH
SRW Wheat  5.2050-5.2750   UP 14.5            15U to 22U     UNCH
Sorghum    5.4400          UP 1               -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.6025          UP 4.25-UP 0.25    8U             UP 4 to UNCH
Soybeans   8.5275-8.5575   DN 9.5-DN 8.5      -3X to OptX    DN 1 to UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.6200-5.7100   UP 1               -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
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

1347C      hr