Bid prices to farmers, FOB Memphis elevators by truck

Thursday, January 17, 2019

Bids      Change             Basis          Change
Corn       3.7200-3.8000   UP 4.75-UP 5.75    -2H to 6H      UP 2 to UP 3
Soybeans   8.6650-8.7050   DN 1.75-DN 4.75    -28H to -24H   DN 3 to DN 6
SRW Wheat  5.1250          UP 1.5             OptH           UNCH
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.8875-3.9775   UP 2.25            -5U to 4U      UNCH
Soybeans   9.1250          UNCH               -25X           UNCH
SRW Wheat  5.3800-5.4300   UP 2.5-UP 5.5      15N to 20N     UNCH to UP 3
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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