Bid prices to farmers, FOB Memphis elevators by truck

Wednesday, January 3, 2018

Bids      Change             Basis          Change
Corn       3.5925-3.7125   UP 8.5-UP 10.5     6H to 18H      UP 6 to UP 8
Soybeans   9.7275-9.7500   UP 13-UP 8.25      8H to 20F      NO COMP to UP 5
SRW Wheat  4.0850-4.3850   UP 6.5             -25H to 5H     UNCH
Sorghum    5.6800          UP 4               -35H           UNCH

Contract Bids for New Crop Delivery
Corn       3.6225          UP 2.5             -15U           UNCH
Soybeans   9.7725-9.8025   UP 6.5             -5X to -2X     UNCH
SRW Wheat  4.6475          UP 6.5             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: December 2017

No. 2 Yellow Corn                       3.5111
No. 1 Yellow Soybeans                   9.7228
No. 2 Soft Red Winter Wheat             4.1153
No. 1 Yellow Sorghum                    5.6242

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

1340C      hr