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[QT] Memphis Daily Grain

Date: 2008-07-23 14:20:03

Categories: GRAIN



Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       5.2150-5.3650   DN 2               -50U to -35U   UNCH
Soybeans   13.7925-13.8925 DN 22.5            -15Q to -5Q    UNCH
SRW Wheat  5.7325-5.7825   DN 18.5-DN 13.5    -210U to -205U DN 5 to UNCH
Sorghum    7.8700-7.9600   DN 3-UP 6          -150Z to -145Z UNCH to UP 5

Contract Bids for New Crop Delivery
Corn       5.1150-5.2150   DN 2-UP 8          -60U to -50U   UNCH to UP 10
Soybeans   13.1400-13.3400 DN 25-DN 20        -70X to -50X   UNCH to UP 5
SRW Wheat  NQ              NQ                 NQ             NQ
Sorghum    7.6900-7.9600   DN 3-UP 6          -160Z to -145Z 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: June 2008

No. 2 Yellow Corn                       6.7118
No. 1 Yellow Soybeans                  14.8501
No. 2 Soft Red Winter Wheat             6.4956
No. 1 Yellow Sorghum                   10.9336

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

13:49 C    hr

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