Bid prices to farmers, FOB Memphis elevators by truck

Thursday, August 23, 2018

Bids      Change             Basis          Change
Corn       3.6250          DN 5.25            10U            UP 2
Soybeans   8.3225-8.4225   DN 25.75-DN 15.75  -38X to -28X   DN 10 to UNCH
SRW Wheat  5.3100-5.3800   DN 6.25-DN 1.25    5U to 12U      DN 5 to UNCH
Sorghum    5.4800          DN 13              -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       NA              NA                 NA             NA
Soybeans   8.3025-8.3625   DN 21.75-DN 15.75  -40X to -34X   DN 6 to UNCH
SRW Wheat  5.7825-5.8125   DN 1.75-DN 3.75    5N to 8N       UNCH to DN 2
Sorghum    NA              NA                 NA             NA

* 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: July 2018

No. 2 Yellow Corn                       3.6201
No. 1 Yellow Soybeans                   8.5677
No. 2 Soft Red Winter Wheat             5.2571
No. 1 Yellow Sorghum                    5.4844

Source: USDA-AR Agriculture Dept, Little Rock, AR
        Heather Riley  501-823-1743

1342C      hr