STAT Communications Ag Market News

Memphis Daily Grain Report

LITTLE ROCK - Jun 8/10 - SNS -- Corn, soybean, wheat and sorghum price updates delivered elevators in the Memphis region.

Bid prices to farmers, FOB Memphis elevators by truck
                 Bids      Change             Basis          Change
Corn       3.3725-3.4325   UP 1.5             OptN to 6N     UNCH
Soybeans   9.4900-9.5100   DN 4               18N to 20N     UNCH
SRW Wheat  4.6225-4.6725   UNCH               30N to 35N     UNCH
Sorghum    6.1100          UP 3               5N             UNCH
Contract Bids for New Crop Delivery
Corn       3.3100          UP 1               -15U           UNCH
Soybeans   8.9425          DN 5.75            OptX           UNCH
SRW Wheat  NQ              NQ                 NQ             NQ
Sorghum    5.9200          UP 3               -25Z           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: May 2010
No. 2 Yellow Corn                       3.7328
No. 1 Yellow Soybeans                   9.5926
No. 2 Soft Red Winter Wheat             4.5099
No. 1 Yellow Sorghum                    6.5130
Source: USDA-AR Extension Service, Little Rock, AR

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