Bid prices to farmers, FOB Memphis elevators by truck

Thursday, November 16, 2017

Bids      Change             Basis          Change
Corn       3.3525-3.3825   UP 0.75            -3Z to OptZ    UNCH
Soybeans   9.7325          UP 10.5-UP 5.5     -3F            UP 2 to DN 3
SRW Wheat  3.9500          DN 8               -25Z           UNCH
Sorghum    5.5000          UP 1               -30Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.5925          UP 0.25            -15U           UNCH
Soybeans   9.7775          No Comp            -10X           No Comp
SRW Wheat  4.5850-4.6850   DN 6.5             -5N to 5N      UNCH
Sorghum    NA              NA                 NA             NA

* All bids are $/bu except Sorghum, which is $/cwt.
NA = Not Available  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
Monthly Prices for: October 2017

No. 2 Yellow Corn                       3.3043
No. 1 Yellow Soybeans                   9.5532
No. 2 Soft Red Winter Wheat             4.0976
No. 1 Yellow Sorghum                    5.7410

Source: USDA-AR Coop Ext Service, Little Rock, AR
        Heather Riley  501-671-2200

1348C      hr