Bid prices to farmers, FOB Memphis elevators by truck

Tuesday, December 18, 2018

Bids      Change             Basis          Change
Corn       3.8400-3.8600   DN 0.75            OptH to 2H     UNCH
Soybeans   8.7675-8.8475   UP 4.25-UP 11.25   -28F to -20F   UNCH to UP 7
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.7900          DN 1               -60H           UNCH

Contract Bids for New Crop Delivery
Corn       3.9475-4.0375   UP 2.75-DN 0.25    -5U to 4U      UP 3 to UNCH
Soybeans   9.2350-9.3350   UP 2.5             -30X to -20X   UNCH
SRW Wheat  5.6275          UP 5               15N            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 2018

No. 2 Yellow Corn                       3.7229
No. 1 Yellow Soybeans                   8.5312
No. 2 Soft Red Winter Wheat                 NA
No. 1 Yellow Sorghum                    5.3000

Source: USDA-AR Agriculture Dept, Little Rock, AR
        James M. Ward  501-823-1743
        www.ams.usda.gov/mnreports/lr_gr110.txt
        www.ams.usda.gov/LPSMarketNewsPage

1423C      JMW