Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, December 27, 2017

Bids      Change             Basis          Change
Corn       3.5275          UP 3.75-UP 0.75    OptH           UP 3 to UNCH
Soybeans   9.6725          UP 9.75            8F             UNCH
SRW Wheat  4.2725          DN 2.5             5H             UNCH
Sorghum    5.6700          UP 1               -35H           UNCH

Contract Bids for New Crop Delivery
Corn       3.6175          UP 0.75            -15U           UNCH
Soybeans   9.7625          UP 8.25-UP 5.25    -5X            UNCH to DN 3
SRW Wheat  4.5350          DN 1.5             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

1337C      hr