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Illinois grain prices in country elevators

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[April 05, 2012]  SPRINGFIELD -- This is Wednesday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

***THIS REPORT WILL NOT BE ISSUED ON FRIDAY APRIL 6, 2012 DUE TO THE CHICAGO BOARD OF TRADE BEING CLOSED IN OBSERVANCE OF THE HOLIDAY***

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Illinois country grain prices were mixed on Wednesday afternoon, with wheat and corn lower and soybeans higher. Soybean futures were supported by both a projected small South American crop and lower acres being planted in the US as of last week's ISDA acreage report estimate.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 1 to 4 cents lower at 6.37-6.47. Soybean bids traded 1 to 56 cents higher at 13.89-13.98.
 
In Central Illinois country grain dealers quoted shelled corn bids were mixed at 6.49-6.64. Soybean bids were 2 to 6 cents higher at 13.96-14.09.

In the Southern part of the state, shelled corn bids were 1 to 3 cents higher at 6.53-6.77. Soybean bids were 1 to 4 cents higher at 14.04-14.20. Wheat bids were 18 to 20 cents lower at 6.20-6.39.

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Commercial grain prices paid farmers by Interior Illinois Country Elevators after 2.00 p.m. Wednesday are listed below in dollars per bushel:

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN 6.37 - 6.44 13.89 - 13.98  
WESTERN  6.38 - 6.47 13.95 - 14.07  
N. CENT. 6.49 - 6.55 13.97 - 14.07  
S. CENTRAL 6.56 - 6.64 13.96 - 14.09  
WABASH  6.63 - 6.73 14.04 - 14.10 6.20 - 6.27
W.S. WEST 6.53 - 6.60 14.08 - 14.20 6.27 - 6.36
L. EGYPT 6.62 - 6.77 14.08 - 14.20 6.26 - 6.39

Central Illinois average price

Corn:  6.56 1/2 ( opt K)
Soybeans: 14.03 (-16 1/2 K)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN 5.01 - 5.08 13.25 - 13.38  
WESTERN  5.00 - 5.09 13.27 - 13.37  
N. CENT. 5.04 - 5.14 13.36 - 13.45  
S. CENTRAL 5.11 - 5.22 13.33 - 13.45  
WABASH  5.14 - 5.24 13.38 - 13.46 6.20 - 6.40
W.S. WEST 5.16 - 5.24 13.37 - 13.49

6.33 - 6.44

L. EGYPT

5.24 - 5.25

13.31 - 13.46

6.20 - 6.30 

***June/July 2012 Delivery

 

Cent. Ill. Average Price at Country Elevators
Week of 3/29/2012 3/22/2012
  Price Basis Price Basis
Corn

6.011/2 -21/2 K

6.65 - 4 K

Soybeans

13.351/2 -20K

13.51 1/2 -17 1/2 K


[Text copied from USDA-IL Dept of Ag Market News, Springfield]

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