Bid prices to farmers, FOB Memphis elevators by truck

Thursday, January 24, 2019

Bids      Change             Basis          Change
Corn       3.8675          UP 2.75-DN 0.25    8H             UP 3 to UNCH
Soybeans   8.9000-8.9300   UP 5.75            -25H to -22H   UNCH
SRW Wheat  5.2600          UP 4.75            OptH           UNCH
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.9775-4.0175   UP 0.75            OptU to 4U     UNCH
Soybeans   9.2825-9.3125   UP 6               -28X to -25X   UNCH
SRW Wheat  5.5250-5.5750   UP 4.75            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

1353C      hr