Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, January 30, 2019

Bids      Change             Basis          Change
Corn       3.8725-3.9725   DN 2.5             10H to 20H     UNCH
Soybeans   8.9700-9.0500   DN 4.25            -22H to -14H   UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.9425-4.0025   DN 6.25-DN 2.25    -2U to 4U      DN 4 to UNCH
Soybeans   9.2800-9.3500   DN 4.25            -30X to -23X   UNCH
SRW Wheat  5.4000-5.4500   DN 6.25            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
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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
        James M. Ward  501-823-1743
        www.ams.usda.gov/mnreports/lr_gr110.txt
        www.ams.usda.gov/LPSMarketNewsPage

1350C      JMW