Bid prices to farmers, FOB Memphis elevators by truck

Tuesday, August 28, 2018

Bids      Change             Basis          Change
Corn       3.4675-3.5475   DN 5.75-UP 1.25    OptU to 8U     DN 4 to UP 3
Soybeans   7.9325-7.9625   DN 2-DN 7          -55X to -52X   UP 5 to UNCH
SRW Wheat  5.0425-5.1125   DN 15.5            5U to 12U      UNCH
Sorghum    5.3800          DN 3               -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       NA              NA                 NA             NA
Soybeans   7.9325-8.0225   DN 8-DN 5          -55X to -46X   DN 1 to UP 2
SRW Wheat  5.5950-5.6250   DN 11.75           5N to 8N       UNCH
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

1400C      hr