Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, September 12, 2018

Bids      Change             Basis          Change
Corn       3.5175-3.5475   DN 0.5-DN 2.5      -15Z to -12Z   UNCH to DN 2
Soybeans   7.6975-7.7175   DN 17.5-DN 23.5    -62X to -60X   DN 4 to DN 10
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.6600-5.7500   DN 1-UNCH          -50Z to -45Z   UNCH

Contract Bids for New Crop Delivery
Corn       3.5175-3.5675   No Comp            -15Z to -10Z   No Comp
Soybeans   7.6975-7.7675   DN 17.5-DN 22.5    -62X to -55X   DN 4 to DN 9
SRW Wheat  5.5250-5.5750   DN 8               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
        James M. Ward  501-823-1743
        www.ams.usda.gov/mnreports/lr_gr110.txt
        www.ams.usda.gov/LPSMarketNewsPage

1342C      JMW