Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, March 27, 2019

Bids      Change             Basis          Change
Corn       3.8725-3.9025   UP 1.5-DN 4.5      10K to 13K     UP 4 to DN 2
Soybeans   8.7475-8.8075   DN 18.75-DN 13.75  -26K to -20K   DN 13 to DN 8
SRW Wheat  NA              NA                 NA             NA
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.8725          UNCH-DN 3          -6U            UP 2 to DN 1
Soybeans   9.0875-9.1475   DN 7               -26X to -20X   DN 2
SRW Wheat  4.9950          UP 1.5-DN 0.5      25N            UP 2 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
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

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