Bid prices to farmers, FOB Memphis elevators by truck

Friday, December 22, 2017

Bids      Change             Basis          Change
Corn       3.4825-3.5125   UP 3-UP 2          -3H to OptH    UP 1 to UNCH
Soybeans   9.5175-9.5675   DN 5.25-DN 0.25    3F to 8F       UNCH to UP 5
SRW Wheat  4.3200          UP 3.5             5H             UNCH
Sorghum    5.6500          UP 4               -35H           UNCH

Contract Bids for New Crop Delivery
Corn       3.6000          UP 1.5             -15U           UNCH
Soybeans   9.6550-9.6850   DN 5.5             -5X to -2X     UNCH
SRW Wheat  4.5675          UP 1.75            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
        James M. Ward  501-671-2200
        www.ams.usda.gov/mnreports/lr_gr110.txt
        www.ams.usda.gov/LPSMarketNewsPage

1331C      JMW