Bid prices to farmers, FOB Memphis elevators by truck

Friday, August 31, 2018

Bids      Change             Basis          Change
Corn       3.3100-3.3800   DN 0.25            -10U to -3U    UNCH
Soybeans   7.7850-7.7950   DN 3.5-DN 4.5      -53X to -52X   UP 1 to UNCH
SRW Wheat  5.0800-5.2000   DN 7.75            OptU to 12U    UNCH
Sorghum    5.2900          UNCH               -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       NA              NA                 NA             NA
Soybeans   7.7950-7.8550   DN 4.5             -52X to -46X   UNCH
SRW Wheat  5.6675          DN 6               5N             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
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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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