Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, July 11, 2018

Bids      Change             Basis          Change
Corn       3.5375-3.5775   DN 10.25-DN 6.25   6U to 10U      DN 4 to UNCH
Soybeans   8.6575-8.7150   UNCH-UP 5.5        10Q to OptX    UNCH to UP 6
SRW Wheat  5.0800-5.1200   DN 15-DN 16        16U to 20U     UP 1 to UNCH
Sorghum    5.3700          DN 11              -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.5275-3.5375   DN 6.25-DN 8.25    5U to 6U       UNCH to DN 2
Soybeans   8.6750-8.7150   DN 1.5-DN 0.5      -4X to OptX    DN 1 to UNCH
SRW Wheat  5.3825          No Comp            -5N            No Comp
Sorghum    5.5500-5.6400   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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