Memphis, TN Daily Grain

LR_GR110
Little Rock, AR     Fri, Jan 18, 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       7.4250-7.4350   UP 3-UNCH          15H to 16H     UNCH to DN 3
Soybeans   14.8925-14.9125 DN 5-DN 3          60H to 62H     DN 4 to DN 2
SRW Wheat  8.1825-8.2125   UP 10              27H to 30H     UNCH
Sorghum    12.2800         UP 6               -40H           UNCH

Contract Bids for New Crop Delivery
Corn       5.7850-5.9350   UP 2.75            -35U to -20U   UNCH
Soybeans   13.0725         UP 9               15X            UP 2
SRW Wheat  7.9050-7.9250   UP 10.25-UP 9.25   -14N to -12N   UP 1 to UNCH
Sorghum    9.4700-9.6500   UP 7-UP 16         -60Z to -50Z   UNCH to UP 5

* 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

14:19 C    hr

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1. AFBF president issues statement on U.S.-EU trade negotiations
2. Buckle your seatbelt for the House consideration of the farm bill
3. Study: Federal milk marketing order helps Calif. producers
4. Ag markets were generally mixed overnight trading
5. Winterkill losses put pressure on forage supplies
6. Weather report: Cool and rainy in the Plains

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Cattle crush Calif. dairy worker
5. How China may help keep Calif. dairies in business
6. WASDE: Corn price outlook lowered

1. Commentary: Clueless consumers
2. Group enhances financial commitment to dairy exports
3. USDA report shows continued adoption of no-till
4. Finding the comedy in ag-gag
5. Commentary: Ag must resist HSUS 'divide and conquer' strategy
6. Chobani pushes back against UK Greek yogurt ban