Memphis, TN Daily Grain

LR_GR110
Little Rock, AR     Mon, Nov 05, 2012     USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       7.4050          DN 4-DN 9          5Z             UNCH to DN 5
Soybeans   15.2725-15.2825 DN 24.5            24F to 25F     DN 1
SRW Wheat  8.1300-8.6100   UP 1.5             -53Z to -5Z    UNCH
Sorghum    11.7900-11.8800 DN 8-UP 1          -75Z to -70Z   UNCH to UP 5

Contract Bids for New Crop Delivery
Corn       6.2250          DN 5               -30U           UNCH
Soybeans   NQ              NQ                 NQ             NQ
SRW Wheat  8.5900-8.6200   DN 4-DN 3          -15N to -12N   DN 3 to DN 2
Sorghum    NQ              NQ                 NQ             NQ

* 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: October 2012

No. 2 Yellow Corn                       7.3267
No. 1 Yellow Soybeans                  15.4561
No. 2 Soft Red Winter Wheat             8.1997
No. 1 Yellow Sorghum                   11.6061

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

14:21 C    hr

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1. Ag markets generally mixed again Tuesday morning
2. Will this summer be a repeat of 2012?
3. What do dairy exports mean for Minnesota?
4. Drop in U.S. underground water levels has accelerated
5. Farmland values: Not falling but not accelerating as fast
6. Seven jobs more dangerous than farming

1. 4 rules for growing a business or industry
2. D.C. Watch: Farm bill progressing
3. April milk production up 0.3 percent
4. Class III futures close out quietly last week
5. What are the drivers of profit in your dairy herd?
6. Corn market reacted poorly to the Crop Progress data

1. Commentary: Slanting the statistics
2. World food supply depends on character, virtuous leadership
3. Buffet concerned about soil and starvation
4. Cold spring stunts upper Midwest hay crop
5. N.M. rancher charged with 43 counts of animal cruelty
6. 2014 Farm Bill: Are we near an agreement?