Memphis, TN Daily Grain

LR_GR110
Little Rock, AR     Fri, Dec 07, 2012     USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       7.4125-7.4925   DN 18.25-DN 17.25  4H to 12H      DN 4 to DN 3
Soybeans   15.1025-15.1725 DN 21-DN 19        38f to 45F     DN 2 to UNCH
SRW Wheat  8.5100-8.6100   DN 11-DN 13        -10H to OptH   DN 10 to DN 12
Sorghum    11.9200-12.0000 DN 34-DN 35        -70H to -65H   DN 5

Contract Bids for New Crop Delivery
Corn       6.1775-6.2775   DN 6-DN 4          -40U to -30U   UNCH to UP 2
Soybeans   13.1900         DN 5.75            -10X           UNCH
SRW Wheat  8.5875          UP 0.75-DN 3.25    -15N           UNCH to DN 4
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: November 2012

No. 2 Yellow Corn                       7.6422
No. 1 Yellow Soybeans                  14.9216
No. 2 Soft Red Winter Wheat             8.6599
No. 1 Yellow Sorghum                   12.0547

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

14:28 C    hr

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1. Ag markets posted mixed showing on Tuesday
2. Plains storms cause minor harm to Oklahoma/Kansas wheat
3. Chocolate milk a top post-workout food
4. Another reason for adults to drink milk
5. Penn State Dairy Team schedules “Tools for Teams” webinars
6. Ag markets generally mixed again Tuesday morning

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

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?