Bid prices to farmers, FOB Memphis elevators by truck

Thursday, July 12, 2018

Bids      Change             Basis          Change
Corn       3.4600-3.5000   DN 7.75            6U to 10U      UNCH
Soybeans   8.4300-8.4825   DN 22.75-DN 23.25  10Q to OptX    UNCH
SRW Wheat  4.8675-4.8775   DN 21.25-DN 24.25  15U to 16U     DN 1 to DN 4
Sorghum    5.2400          DN 13              -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.4600          DN 6.75-DN 7.75    6U             UP 1 to UNCH
Soybeans   8.4425-8.4825   DN 23.25           -4X to OptX    UNCH
SRW Wheat  5.2275          DN 15.5            -5N            UNCH
Sorghum    5.4200-5.5000   DN 13-DN 14        -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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