Memphis, TN Daily Grain

LR_GR110
Little Rock, AR     Mon, Feb 25, 2013     USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       7.1850          UP 3.25            25H            UNCH
Soybeans   14.8025-14.8625 DN 21-DN 15        29H to 35H     DN 11 to DN 5
SRW Wheat  7.2925-7.3425   DN 15.75           30H to 35H     UNCH
Sorghum    11.8500         UP 6               -30H           UNCH

Contract Bids for New Crop Delivery
Corn       5.4200-5.5200   DN 1               -30U to -20U   UNCH
Soybeans   12.9050         UP 0.5             25X            UNCH
SRW Wheat  7.1000          DN 13.5            OptN           UNCH
Sorghum    9.1100          UP 4-DN 5          -40Z           UP 5 to 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

14:28 C    hr

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1. Class III futures see little change
2. Showers to slow U.S. corn seedings from blistering pace
3. White House urges Senate to cut crop insurance in farm bill
4. Weather report: Thunderstorms dot the southern Plains
5. Corn market reacted poorly to the Crop Progress data
6. 4 rules for growing a business or industry

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. Lowfat dairy may cut diabetes risk

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?