Memphis Daily Grain
Little Rock, AR     Wed, May 16, 2018     USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       4.1925-4.2125   DN 3               20N to 22N     UNCH
Soybeans   10.0975-10.1175 DN 19              10N to 12N     UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       4.0950          DN 3               2U             UNCH
Soybeans   10.0500-10.0900 DN 15.75           -4X to OptX    UNCH
SRW Wheat  5.1025          UP 0.75            16N            UNCH
Sorghum    6.7300-6.9100   DN 4               -40Z to -30Z   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: April 2018

No. 2 Yellow Corn                       3.9463
No. 1 Yellow Soybeans                  10.4262
No. 2 Soft Red Winter Wheat                NA
No. 1 Yellow Sorghum                       NA

Source: USDA-AR Coop Ext Service, Little Rock, AR
        Heather Riley  501-671-2200

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