Bid prices to farmers, FOB Memphis elevators by truck

Saturday, July 7, 2018

Bids      Change             Basis          Change
Corn       3.7025          UP 8               10U            UNCH
Soybeans   8.8750-8.8850   UP 38.25-UP 38.75  10Q to -6X     UNCH
SRW Wheat  5.3025-5.3525   UP 9.75-UP 7.75    15U to 20U     UNCH to DN 2
Sorghum    5.5900          UP 15              -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.6525-3.6825   UP 5-UP 8          5U to 8U       DN 3 to UNCH
Soybeans   8.9150-8.9450   UP 38.75           -3X to OptX    UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.7700-5.8600   UP 15              -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