Bid prices to farmers, FOB Memphis elevators by truck

Saturday, February 2, 2019

Bids      Change             Basis          Change
Corn       3.9325-3.9625   UNCH-DN 5          15H to 18H     UP 3 to DN 2
Soybeans   8.9575-9.0175   DN 3.25-DN 5.25    -22H to -16H   UNCH to DN 2
SRW Wheat  5.2425          UP 7.5             OptH           UNCH
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.9550-3.9950   DN 2-DN 4          -2U to 2U      UNCH to DN 2
Soybeans   9.2725-9.3425   DN 2.75            -30X to -23X   UNCH
SRW Wheat  5.4700-5.5200   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
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Monthly Prices for: January 2019

No. 2 Yellow Corn                       3.8513
No. 1 Yellow Soybeans                   8.9309
No. 2 Soft Red Winter Wheat             5.1807
No. 1 Yellow Sorghum                        NA

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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