Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, January 23, 2019

Bids      Change             Basis          Change
Corn       3.8400-3.8700   DN 2.75-DN 0.75    5H to 8H       UNCH to UP 2
Soybeans   8.8425-8.8725   DN 4.5-DN 1.5      -25H to -22H   UP 3 to UP 6
SRW Wheat  5.2125          UP 3.5             OptH           UNCH
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.9700-4.0100   UP 2.25-DN 2.75    OptU to 4U     UP 5 to UNCH
Soybeans   9.2225-9.2525   DN 5.5             -28X to -25X   UNCH
SRW Wheat  5.4775-5.5275   UP 4               15N to 20N     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
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

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