Bid prices to farmers, FOB Memphis elevators by truck

Thursday, February 28, 2019

Bids      Change             Basis          Change
Corn       3.8075-3.8875   UP 2.5-DN 2.5      7K to 25H      NO COMP to UNCH
Soybeans   8.9175-8.9750   UP 2-DN 0.25       -25K to -6H    NO COMP to UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.8800-3.9000   DN 1.75            OptU to 2U     UNCH
Soybeans   9.2925          UP 8.5-UP 0.5      -20X           UP 8 to UNCH
SRW Wheat  4.9825          UP 1-DN 2          25N            UP 3 to 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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