Bid prices to farmers, FOB Memphis elevators by truck

Saturday, September 8, 2018

Bids      Change             Basis          Change
Corn       3.5200-3.5700   DN 4.25-DN 1.25    -15Z to -10Z   DN 5 to DN 2
Soybeans   7.8900-7.9400   DN 0.25-UP 2.75    -55X to -50X   DN 5 to DN 2
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.6600-5.7500   UP 1               -50Z to -45Z   UNCH

Contract Bids for New Crop Delivery
Corn       NA              NA                 NA             NA
Soybeans   7.8600-7.9800   DN 5.25-UP 4.75    -58X to -46X   DN 10 to UNCH
SRW Wheat  5.4275-5.4775   DN 4.5             OptN to 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: 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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