Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, December 6, 2017

Bids      Change             Basis          Change
Corn       3.5375-3.5675   UP 0.25-UP 1.25    OptH to 3H     UNCH to UP 1
Soybeans   9.9850-10.0050  UP 12-UP 2         -10F to -8F    UP 2 to DN 8
SRW Wheat  3.8100-4.0100   DN 4.25-UP 15.75   -25Z to -5Z    UNCH to UP 20
Sorghum    5.6900          UP 18              -35H           UP 10

Contract Bids for New Crop Delivery
Corn       3.6250          UP 0.5             -15U           UNCH
Soybeans   10.1350-10.1650 UP 10              -5X to -2X     UP 3
SRW Wheat  4.5325-4.6325   DN 2.5             -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
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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

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