Memphis Daily Grain Report

LITTLE ROCK - Jun 3/10 - 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       3.4950-3.5450   UP 1               OptN to 5N     UNCH
Soybeans   9.7000-9.7800   UP 22.5            15N to 23N     UNCH
SRW Wheat  4.6675          DN 0.75            25N            UNCH
Sorghum    6.3300          UP 11              5N             UP 5
Contract Bids for New Crop Delivery
Corn       3.4450          UP 0.75            -15U           UNCH
Soybeans   9.1975          UP 16.25           OptX           UNCH
SRW Wheat  NQ              NQ                 NQ             NQ
Sorghum    6.1700          UP 1               -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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