Bid prices to farmers, FOB Memphis elevators by truck

Tuesday, July 10, 2018

Bids      Change             Basis          Change
Corn       3.6400          DN 6.25            10U            UNCH
Soybeans   8.6575-8.6600   DN 21.75-DN 22.5   10Q to -6X     UNCH
SRW Wheat  5.2300-5.2800   DN 7.25            15U to 20U     UNCH
Sorghum    5.4800          DN 11              -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.5900-3.6200   DN 6.25            5U to 8U       UNCH
Soybeans   8.6900-8.7200   DN 22.5            -3X to OptX    UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.6600-5.7500   DN 11              -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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