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USDA-LR: Memphis Daily Grain

Little Rock, AR - Thu, May 08, 2008 - USDA-AR Dept of Ag Market News


Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       5.9725-6.0225   UP 10.25-UP 14.25  -33N to -28N   DN 7 to DN 3
Soybeans   12.7500-12.7700 UP 2-UP 3          -35N to -33N   UP 1 to UP 2
SRW Wheat  6.8200-6.8700   UP 14.5            -140N to -135N UNCH
Sorghum    10.2200-10.4500 UP 31-UP 29        -58N to -45N   UNCH to DN 1

Contract Bids for New Crop Delivery
Corn       5.8975-5.9475   UP 12-UP 17        -50U to -45U   DN 5 to UNCH
Soybeans   11.7575-11.7875 UP 0.25            -70X to -67X   UNCH
SRW Wheat  6.8200          UP 14.5            -140N          UNCH
Sorghum    10.1100-10.2000 UP 28              -80Z to -75Z   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
------------------------------------------------------------------------------
Monthly Prices for: April 2008

No. 2 Yellow Corn                       5.8011
No. 1 Yellow Soybeans                  12.9497
No. 2 Soft Red Winter Wheat             7.5201
No. 1 Yellow Sorghum                    9.9302

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

14:36 C    hr

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