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USDA-LR: Memphis Daily Grain

Little Rock, AR - Thu, Jul 12, 2018 - USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       3.5175-3.5575   UP 5.75            6U to 10U      UNCH
Soybeans   8.3375-8.4925   DN 9.25-UP 1       OptQ to OptX   DN 10 to UNCH
SRW Wheat  4.9950-5.0050   UP 12.75           15U to 16U     UNCH
Sorghum    5.3400          UP 10              -60Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.5175          UP 5.75            6U             UNCH
Soybeans   8.3925-8.4125   DN 5-DN 7          -10X to -8X    DN 6 to DN 8
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.5200-5.6100   UP 10-UP 11        -50Z to -45Z   UNCH

* 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: June 2018

No. 2 Yellow Corn                       3.7887
No. 1 Yellow Soybeans                   9.3555
No. 2 Soft Red Winter Wheat             5.2206
No. 1 Yellow Sorghum                    5.6395

Source: USDA-AR Coop Ext Service, Little Rock, AR
        James M. Ward  501-671-2200

1432C      JMW

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