Bid prices to farmers, FOB Memphis elevators by truck

Saturday, December 2, 2017

Bids      Change             Basis          Change
Corn       3.5675-3.6075   UP 5-UP 7          12Z to 2H      UP 2 to NO COMP
Soybeans   9.9425-9.9625   UP 11.5-UP 10.5    OptF to 2F     UP 3 to UP 2
SRW Wheat  3.8950          UP 5.25            -25Z           UNCH
Sorghum    5.6200          UP 5               -30Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.6650          UP 3               -15U           UNCH
Soybeans   10.0100-10.0400 UP 5-UP 8          -8X to -5X     DN 3 to UNCH
SRW Wheat  4.5925-4.6925   UP 6               -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
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Monthly Prices for: November 2017

No. 2 Yellow Corn                       3.4343
No. 1 Yellow Soybeans                   9.7910
No. 2 Soft Red Winter Wheat             3.9707
No. 1 Yellow Sorghum                    5.5906

Source: USDA-AR Coop Ext Service, Little Rock, AR
        Heather Riley  501-671-2200
        www.ams.usda.gov/mnreports/lr_gr110.txt
        www.ams.usda.gov/LPSMarketNewsPage

1416C      hr