Bid prices to farmers, FOB Memphis elevators by truck

Saturday, December 16, 2017

Bids      Change             Basis          Change
Corn       3.4550-3.4750   UP 2-DN 4          -2H to OptH    UP 3 to DN 3
Soybeans   9.6225-9.6925   DN 0.5-UP 1.5      -5F to 2F      UNCH to UP 2
SRW Wheat  4.2325          UNCH               5H             UNCH
Sorghum    5.5800          DN 2               -35H           UNCH

Contract Bids for New Crop Delivery
Corn       3.5625          DN 0.75            -15U           UNCH
Soybeans   9.8275-9.8575   UP 0.25-UP 2.25    -5X to -2X     UNCH to UP 2
SRW Wheat  4.3900-4.4900   UP 0.5             -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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