AM_GR110 Amarillo, TX Tue Oct 04, 2011 USDA Market News ******************************************************************************* Due to Texas Department of Agriculture and Texas Livestock Market News Program budget cuts the following report will now be compiled and released by the USDA Livestock Market News in Amarillo. ****************************************************************************** Texas High Plains cash grain markets closed mostly 3 to 10 cents lower on grain sorghum, 1 cents to 18 cents lower on wheat, and mostly 2 to 10 cents lower on corn. The front month of the futures was 4.75 lower on corn and was 15.5 cents lower on KW wheat. Long liquidation from noncommercial entities and fears of a deepening recession continue to force grains into losses. Basis changes and adjustments added to the disparity of the changing prices. Prices paid or bid to producers delivered to country elevators as of 3:00 p.m. Grain sorghum quoted per hundredweight; wheat, corn and soybeans per bushel. Area North of the Canadian River: Grain Sorghum 9.42 – 9.61 Wheat 6.11 - 6.32 Soybeans N/A Corn 6.08 - 6.22 Triangle Area from Plainview to Canyon to Farwell: Grain Sorghum 9.60 – 10.00 instances 10.50 Wheat 6.06 - 6.27 Soybeans N/A Corn 5.85 - 6.23 Area South of a Line from Plainview to Muleshoe: Grain Sorghum 9.60 – 9.69 instances 10.33 Wheat 6.11 - 6.36 Soybeans N/A Corn 5.83 - 5.91 instances 6.15 Elevators in the Texas South Plains reported offers for: No. 2 Grain Sorghum 11.32 – 11.41 per cwt No. 2 Yellow Corn 11.92 – 12.01 per cwt ---------------------------------------------------------------------------- September 2011 Month’s Average Area North of the Canadian River: Grain Sorghum 11.3698 Wheat 7.2371 Soybeans N/A Corn 7.1862 Triangle Area from Plainview to Canyon to Farwell: Grain Sorghum 11.6336 Wheat 7.1157 Soybeans N/A Corn 7.0757 Area South of a Line from Plainview to Muleshoe: Grain Sorghum 11.4795 Wheat 7.3298 Soybeans N/A Corn 6.9336 Elevators in the Texas South Plains: No. 2 Grain Sorghum 12.9267 No. 2 Yellow Corn 13.8686 Texas Gulf cash grain export: No. 1 HRW Wheat 8.5570 No. 2 Grain Sorghum 13.0985 No. 2 Yellow Corn N/A No. 1 Soybeans N/A Source: USDA-TX Dept of Ag Market News Service, Amarillo, TX 806/372-6361 - amarillo.lgmn@ams.usda.gov USDA-TX 24 hour price information 806-372-3494 www.ams.usda.gov/mnreports/AM_GR110.txt www.ams.usda.gov/lsmarketnews 1545ct efc