Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, August 29, 2018

Bids      Change             Basis          Change
Corn       3.3100-3.4100   DN 15.75-DN 13.75  -10U to OptU   DN 10 to DN 8
Soybeans   7.7925-7.8125   DN 14-DN 15        -54X to -52X   UP 1 to UNCH
SRW Wheat  4.9825-5.1025   DN 6-DN 1          OptU to 12U    DN 5 to UNCH
Sorghum    5.2900          DN 9               -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       NA              NA                 NA             NA
Soybeans   7.8125-7.8725   DN 12-DN 15        -52X to -46X   UP 3 to UNCH
SRW Wheat  5.5925          DN 0.25-DN 3.25    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

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