Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, January 16, 2019

Bids      Change             Basis          Change
Corn       3.6725-3.7425   DN 7.25            -4H to 3H      UNCH
Soybeans   8.6825-8.7525   DN 9.25-DN 3.25    -25H to -18H   UP 1 to UP 7
SRW Wheat  5.1100          DN 3.25            OptH           UNCH
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.8650-3.9550   DN 6.5             -5U to 4U      UNCH
Soybeans   9.1250          DN 9-DN 14         -25X           UNCH to DN 5
SRW Wheat  5.3550-5.3750   DN 4               15N to 17N     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: December 2018

No. 2 Yellow Corn                       3.8455
No. 1 Yellow Soybeans                   8.7963
No. 2 Soft Red Winter Wheat                 NA
No. 1 Yellow Sorghum                    5.7388

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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