Memphis, TN Daily Grain

LR_GR110
Little Rock, AR     Tue, May 08, 2012     USDA-AR Dept of Ag Market News

Bid prices to farmers, FOB Memphis elevators by truck

                 Bids      Change             Basis          Change
Corn       6.7300-6.7800   UP 3               50N to 55N     UNCH
Soybeans   14.5325-14.5525 DN 27.5-DN 30.5    15N to 17N     UNCH to DN 3
SRW Wheat  6.2000-6.3000   UP 3               5N to 15N      UNCH
Sorghum    10.7700-10.8600 UP 6               -20N to -15N   UNCH

Contract Bids for New Crop Delivery
Corn       5.1600-5.1800   UP 4.75            -22U to -20U   UNCH
Soybeans   13.5550-13.5750 DN 13-DN 11        15X to 17X     UNCH to UP 2
SRW Wheat  6.3000          UP 3               15N            UNCH
Sorghum    8.8900-9.0700   UP 6               -30Z to -20Z   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: April 2012

No. 2 Yellow Corn                       6.5618
No. 1 Yellow Soybeans                  14.6276
No. 2 Soft Red Winter Wheat             6.4778
No. 1 Yellow Sorghum                   11.0195

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

13:51 C    hr

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1. Workshop to discuss nutrient application, management, stewardship
2. Help for flood affected farmers
3. Representative Lucas discusses new Farm Bill
4. U.S. May consumer sentiment highest in nearly 6 years
5. Cattle producers turn to MSU for reproduction class
6. NCBA Op-Ed: EPA’s data sharing incident a debacle

1. New school lunch beef recipes win approval from kids, foodservice
2. Prices for corn and soybeans, five years from now
3. Drier weather to give big boost to U.S. corn plantings
4. Agriculture is expected to remain strong in the coming decade
5. What sick day? Farmers take just three a year
6. The relationship between retail gasoline prices and futures prices

1. Insects. They’re what’s for dinner!
2. Tyson selects panel to monitor animal welfare program
3. World food supply depends on character, virtuous leadership
4. Commentary: Slanting the statistics
5. Buffet concerned about soil and starvation
6. Cold spring stunts upper Midwest hay crop