Bid prices to farmers, FOB Memphis elevators by truck

Tuesday, December 19, 2017

Bids      Change             Basis          Change
Corn       3.4200-3.4300   DN 3.5-DN 4.5      -5H to -4H     DN 3 to DN 4
Soybeans   9.5650-9.6450   DN 5.75-DN 4.75    -5F to 3F      UNCH to UP 1
SRW Wheat  4.2550          UP 2.25            5H             UNCH
Sorghum    5.5700          DN 1               -35H           UNCH

Contract Bids for New Crop Delivery
Corn       3.5600          DN 0.25            -15U           UNCH
Soybeans   9.7750-9.8050   DN 5.25            -5X to -2X     UNCH
SRW Wheat  4.4175-4.5175   UP 2.75            -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
        James M. Ward  501-671-2200

1428C      JMW