Memphis Daily Grain Report

LITTLE ROCK - Jun 9/10 - 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       3.3825-3.4325   UP 1-UNCH          OptN to 5N     UNCH to DN 1
Soybeans   9.6150-9.6650   UP 12.5-UP 15.5    18N to 23N     UNCH to UP 3
SRW Wheat  4.5800          DN 4.25-DN 9.25    30N            UNCH to DN 5
Sorghum    6.1300          UP 2               5N             UNCH
Contract Bids for New Crop Delivery
Corn       3.3200          UP 1               -15U           UNCH
Soybeans   8.9650          UP 2.25            OptX           UNCH
SRW Wheat  NQ              NQ                 NQ             NQ
Sorghum    5.9600          UP 4               -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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