Memphis, TN Daily Grain

LR_GR110
Little Rock, AR     Tue, Jan 15, 2013     USDA-AR Dept of Ag Market News

*This report will not be released on Monday, January 21, 2013 as our offices 
will be closed in observance of the Martin Luther King, Jr. Holiday. If you have 
any questions or concerns, please contact us at Heather.Riley@ams.usda.gov.*


Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       7.4550-7.4850   UP 6.5             15H to 18H     UNCH
Soybeans   14.8850         UP 0.5-DN 4.5      75H            UP 5 to UNCH
SRW Wheat  8.0775-8.1275   UP 15.75           25H to 30H     UNCH
Sorghum    12.3300         UP 12              -40H           UNCH

Contract Bids for New Crop Delivery
Corn       5.7900-5.9400   DN 6-UP 4          -35U to -20U   DN 10 to UNCH
Soybeans   12.9225-12.9625 DN 2-UP 1          9X to 13X      UP 1 to UP 4
SRW Wheat  7.7925          UP 17.25           -15N           UNCH
Sorghum    9.4500-9.5400   UP 9               -60Z to -55Z   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: December 2012

No. 2 Yellow Corn                       7.3191
No. 1 Yellow Soybeans                  15.1197
No. 2 Soft Red Winter Wheat             8.2781
No. 1 Yellow Sorghum                   11.8300

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

14:25 C    hr

.

1. 4 rules for growing a business or industry
2. Corn planting pace turns from record slow to record fast
3. Ag markets seemed to follow gold higher Monday afternoon
4. Online systems keeps exporters abreast of market regulations
5. April milk production up 0.3 percent
6. New crop cottonseed market rallies in face of tight supplies

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