Bid prices to farmers, FOB Memphis elevators by truck

Friday, August 24, 2018

Bids      Change             Basis          Change
Corn       3.5075-3.5175   DN 11.75-DN 10.75  4U to 5U       DN 6 to DN 5
Soybeans   7.9400-8.0200   DN 38.25-DN 40.25  -60X to -52X   DN 22 to DN 24
SRW Wheat  5.2700-5.3400   DN 4               5U to 12U      UNCH
Sorghum    5.3800          DN 10              -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       NA              NA                 NA             NA
Soybeans   8.0000-8.0600   DN 30.25           -54X to -48X   DN 14
SRW Wheat  5.7575          DN 2.5-DN 5.5      5N             UNCH to DN 3
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
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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
        www.ams.usda.gov/mnreports/lr_gr110.txt
        www.ams.usda.gov/LPSMarketNewsPage

1400C      hr