Bid prices to farmers, FOB Memphis elevators by truck

Tuesday, December 12, 2017

Bids      Change             Basis          Change
Corn       3.4400-3.5200   DN 3.75            -5H to 3H      UNCH
Soybeans   9.7450-9.7650   DN 5.25            -8F to -6F     UP 2
SRW Wheat  3.6275-4.1850   DN 4.25-DN 5.5     -25Z to 5H     UNCH
Sorghum    5.6100          DN 6               -35H           UNCH

Contract Bids for New Crop Delivery
Corn       3.5800          DN 3.5             -15U           UNCH
Soybeans   9.9425-9.9525   DN 5.5-DN 7.5      -5X to -4X     UNCH to DN 2
SRW Wheat  4.3650-4.4650   DN 4.25            -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

1344C      hr