Memphis, TN Daily Grain

LR_GR110
Little Rock, AR     Tue, Feb 12, 2013     USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       7.2125          DN 6               25H            UNCH
Soybeans   14.6075-14.6575 DN 10.75-DN 7.75   40H to 45H     UNCH to UP 3
SRW Wheat  7.7200          DN 9.5             40H            UNCH
Sorghum    11.9000         DN 10              -30H           UNCH

Contract Bids for New Crop Delivery
Corn       5.5125-5.6125   UP 3.75            -30U to -20U   UNCH
Soybeans   13.0100         UP 7.5             25X            UNCH
SRW Wheat  7.3625          DN 9.5             -5N            UNCH
Sorghum    9.2500-9.3400   UP 8               -45Z to -40Z   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: January 2013

No. 2 Yellow Corn                       7.3394
No. 1 Yellow Soybeans                  14.8457
No. 2 Soft Red Winter Wheat             7.9943
No. 1 Yellow Sorghum                   12.0548

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

14:30 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