Bid prices to farmers, FOB Memphis elevators by truck

Thursday, March 21, 2019

Bids      Change             Basis          Change
Corn       3.7750-3.8350   UP 0.25-DN 4.75    6K to 12K      UNCH to DN 5
Soybeans   8.9400-9.0400   UP 2-UNCH          -12K to -2K    UNCH to DN 2
SRW Wheat  NA              NA                 NA             NA
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.8000-3.8300   DN 2.5-DN 6.5      -8U to -5U     DN 3 to DN 7
Soybeans   9.1625-9.2625   UP 2-UNCH          -24X to -14X   UNCH to DN 2
SRW Wheat  4.9300-4.9500   UP 15.25-UP 9.25   23N to 25N     UP 8 to UP 2
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: February 2019

No. 2 Yellow Corn                       3.9392
No. 1 Yellow Soybeans                   9.2722
No. 2 Soft Red Winter Wheat             5.2894
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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