Memphis, TN Daily Grain

LR_GR110
Little Rock, AR     Tue, May 01, 2012     USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       6.6800-6.7300   DN 7.25-DN 5.25    39N to 44N     NO COMP to UNCH
Soybeans   15.1850-15.2550 UP 0.5-DN 2        15N to 22N     NO COMP to UNCH
SRW Wheat  6.5100-6.5800   DN 11.75-DN 11.5   8N to 15N      NO COMP to UNCH
Sorghum    10.8800-10.9600 DN 9-DN 56         -20N to -15N   UNCH to NO COMP

Contract Bids for New Crop Delivery
Corn       5.3025          DN 5.5-DN 10.5     -20U           UP 5 to UNCH
Soybeans   14.0750         UP 11.5            15X            UNCH
SRW Wheat  6.5800          DN 11.5            15N            UNCH
Sorghum    9.0800-9.2600   DN 9-DN 8          -30Z to -20Z   UNCH

* All bids are $/bu except Sorghum, which is $/cwt.
NA = Not Available  NQ = No Quote  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: April

No. 2 Yellow Corn                       6.5618
No. 1 Yellow Soybeans                  14.6276
No. 2 Soft Red Winter Wheat             6.4778
No. 1 Yellow Sorghum                   11.0195

Source: USDA- AR Coop Ext Service, Little Rock, AR
        Steve Cheney 501-671-2200
        www.ams.usda.gov/mnreports/LR_GR110.txt

13:52 C    hr

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1. Corn market reacted poorly to the Crop Progress data
2. 4 rules for growing a business or industry
3. Corn planting pace turns from record slow to record fast
4. Ag markets seemed to follow gold higher Monday afternoon
5. Online systems keeps exporters abreast of market regulations
6. April milk production up 0.3 percent

1. D.C. Watch: Farm bill progressing
2. 4 rules for growing a business or industry
3. Class III futures close out quietly last week
4. April milk production up 0.3 percent
5. What are the drivers of profit in your dairy herd?
6. Lowfat dairy may cut diabetes risk

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. Commentary: Slanting the statistics
3. World food supply depends on character, virtuous leadership
4. Buffet concerned about soil and starvation
5. Cold spring stunts upper Midwest hay crop
6. N.M. rancher charged with 43 counts of animal cruelty