Bid prices to farmers, FOB Memphis elevators by truck

Friday, September 7, 2018

Bids      Change             Basis          Change
Corn       3.5625-3.5825   DN 1-UP 1          -10Z to -8Z    DN 2 to UNCH
Soybeans   7.8925-7.9125   UP 1.25            -50X to -48X   UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.6500-5.7400   UP 2               -50Z to -45Z   UNCH

Contract Bids for New Crop Delivery
Corn       NA              NA                 NA             NA
Soybeans   7.9125-7.9325   UP 1.25            -48X to -46X   UNCH
SRW Wheat  5.4725-5.5225   DN 11-DN 6         OptN to 5N     DN 5 to 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: August 2018

No. 2 Yellow Corn                       3.6358
No. 1 Yellow Soybeans                   8.3994
No. 2 Soft Red Winter Wheat             5.4835
No. 1 Yellow Sorghum                    5.6020

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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