Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, May 15, 2019

Bids      Change             Basis          Change
Corn       3.7675-3.7875   UP 12.25           8N to 10N      UNCH
Soybeans   8.2150-8.3150   UP 29-UP 26        -10N to OptN   UNCH to DN 3
SRW Wheat  NA              NA                 NA             NA
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.6925-3.7225   UP 11.5-UP 13.5    -8U to -5U     UNCH to UP 2
Soybeans   8.3050-8.3150   UP 29-UP 26        -26X to -25X   UNCH to DN 3
SRW Wheat  4.7350-4.7550   UP 11.5-UP 13.5    25N to 27N     UNCH 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
Monthly Prices for: April 2019

No. 2 Yellow Corn                       3.7114
No. 1 Yellow Soybeans                   8.6797
No. 2 Soft Red Winter Wheat                 NA
No. 1 Yellow Sorghum                        NA

Source: USDA-AR Agriculture Dept, Little Rock, AR
        Heather Riley  501-823-1743

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