Bid prices to farmers, FOB Memphis elevators by truck

Friday, December 8, 2017

Bids      Change             Basis          Change
Corn       3.5150-3.5650   DN 1.25-UP 0.75    OptH to 5H     UNCH to UP 2
Soybeans   9.8000-9.8200   DN 10.75           -12F to -10F   UNCH
SRW Wheat  3.6925-3.8925   DN 4.25            -25Z to -5Z    UNCH
Sorghum    5.6500          DN 2               -35H           UNCH

Contract Bids for New Crop Delivery
Corn       3.6050          DN 1               -15U           UNCH
Soybeans   10.0025-10.0325 DN 9.25            -5X to -2X     UNCH
SRW Wheat  4.4400-4.5400   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
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

1345C      hr