Memphis, TN Daily Grain

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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
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

13:52 C    hr


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