Bid prices to farmers, FOB Memphis elevators by truck

Thursday, December 20, 2018

Bids      Change             Basis          Change
Corn       3.8775-3.9275   DN 3.75-UP 1.25    6H to 11H      UNCH to UP 5
Soybeans   8.8900-8.9200   UP 3.25-UP 4.25    -11F to -8F    UP 11 to UP 12
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.7500          DN 6               -60H           UNCH

Contract Bids for New Crop Delivery
Corn       3.9625-4.0225   DN 2-DN 3          -2U to 4U      UP 1 to UNCH
Soybeans   9.2700-9.2900   DN 4.25-DN 7.25    -22X to -20X   UP 3 to UNCH
SRW Wheat  5.5200-5.5400   DN 8.75            15N to 17N     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

1342C      JMW