Memphis, TN Daily Grain

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Little Rock, AR     Thu, May 03, 2012     USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       6.6450          UP 14-UP 9         50N            UP 11 to UP 6
Soybeans   14.8850-14.9350 DN 13.5-DN 11.5    15N to 20N     DN 2 to UNCH
SRW Wheat  6.2050-6.2750   DN 1-UP 1          5N to 12N      DN 2 to UNCH
Sorghum    10.6200-10.6900 UP 6-UP 4          -20N to -16N   UNCH to DN 1

Contract Bids for New Crop Delivery
Corn       5.1550-5.1750   DN 1.75            -22U to -20U   UNCH
Soybeans   13.8475         UP 3.5-UP 1.5      17X            UP 4 to UP 2
SRW Wheat  6.2750-6.3050   UP 1-UP 4          12N to 15N     UNCH to UP 3
Sorghum    8.9200-9.1000   DN 3               -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

13:46 C    hr


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