Bid prices to farmers, FOB Memphis elevators by truck

Saturday, August 25, 2018

Bids      Change             Basis          Change
Corn       3.5250-3.5350   UP 1.75            4U to 5U       UNCH
Soybeans   7.9525-8.0325   UP 1.25            -60X to -52X   UNCH
SRW Wheat  5.1975-5.2675   DN 7.25            5U to 12U      UNCH
Sorghum    5.4100          UP 3               -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       NA              NA                 NA             NA
Soybeans   8.0125-8.0725   UP 1.25            -54X to -48X   UNCH
SRW Wheat  5.7125-5.7425   DN 4.5-DN 1.5      5N to 8N       UNCH to UP 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

1350C      hr