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Tennessee Country Grain Elevator Bid Summary

NASHVILLE - May 11/04 - SNS -- The latest daily summary of corn, wheat and soybean bids at country elevator poits across the state of Tennessee was released today by the USDA.

Tennessee Cash Grain

Tennessee Country Grain Elevators
Bid Prices as of 2:00 p.m. Tuesday

Region & City      Corn    Corn    Beans    Beans    Wheat
                   May     Sep     May     Oct/Nov   July
Northwest
 Union City        2.93    2.82    -----    7.36     3.64
 Martin            2.80    2.71     9.80    7.31     3.58
 Sharon            2.99    2.73    10.08    7.34     3.57
 Obion             2.89    2.75    10.12    7.33     3.61

Upper-mid
 Clarksville       2.99    2.88    10.32    7.44     3.69
 New Johnsonville  2.93    2.73    10.32    7.49     3.63

Lower-mid
Dechard/Manchester 3.04    2.84    10.22    7.35     3.59
Guntersville Al.   3.04    2.95    10.07    7.50     3.74
Decatur Al.(AFC)   3.04    2.95    10.12    7.50     3.79

East
Chattanooga/Cargill----    ---     ----     ----     3.89


Region & City      Corn    Corn    Beans    Beans    Wheat
                   May     Sep     May     Oct/Nov   July
Northwest Barge Pts
Booths Point       2.97    2.85    10.47    7.50     3.73
Hales  Point	 ----    2.89    -----    7.47     3.71
Tiptonville        2.98    2.88    10.47    7.46     3.70
Heloise            2.97    2.86    10.47    7.50     3.73
Hickman, KY      2.96/97  2.86/87  10.43  7.46/49  3.68/72

Trends compared to previous reporting day.
Cash Basis:
No 2 Yellow Corn: steady to 1 cent higher.
No 1 Yellow Soybeans: 9 to 14 cents higher.

Contract Basis:
Corn/ September mixed.
Soybeans/ October-November: 2 cents higher.
Wheat/ July: 6 cents lower.


Source:  USDA-Tennessee Dept of Ag Market News,  Nashville, TN

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