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 (Copy)
Illinois country grain prices were
mixed on Monday afternoon, with wheat higher and corn and
soybeans lower.
Many traders evened positions as
Tuesday morning the USDA will release an updated Supply Demand
forecast and new estimates for the South American corn and
soybean crops.
Last week, Illinois farmers took
advantage of the dry spring conditions and planted corn.
According to the Illinois Weather and Crop
update, Illinois farmers now have 17% of the Illinois corn crop
planted, compared to 5% last week.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 9 cents lower at 6.29-6.39. Soybean bids
traded steady to 3 cents lower at 14.01-14.20.
In Central Illinois country grain dealers quoted shelled corn
bids were 7 to 9 cents lower at 6.42-6.59. Soybean bids were 3
to 4 cents lower at 14.07-14.20.
In the Southern part of the state, shelled corn bids were 7 to 9
cents lower at 6.45-6.71. Soybean bids were 2 to 3 cents lower
at 14.17-14.32. Wheat bids were 3 to 4 cents higher at
6.20-6.43.
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Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Monday
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
| NORTHERN |
6.29 - 6.36 |
14.01 - 14.10 |
|
| WESTERN |
6.34 - 6.39 |
14.07 - 14.20 |
|
| N. CENT. |
6.42 - 6.47 |
14.07 - 14.17 |
|
| S. CENTRAL |
6.49 - 6.59 |
14.14 - 14.20 |
|
| WABASH |
6.60 - 6.65 |
14.17 - 14.21 |
6.20 - 6.33 |
| W.S. WEST |
6.45 - 6.52 |
14.18 - 14.32 |
6.29 - 6.41 |
| L. EGYPT |
6.63 - 6.71 |
14.19 - 14.31 |
6.31 - 6.43 |
Central Illinois average price
Corn: 6.50 1/2 (+ 1 1/2 K)
Soybeans: 14.13 1/2 (-17 1/2 K)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
5.07 - 5.14 |
13.31 - 13.44 |
|
| WESTERN |
5.06 - 5.15 |
13.34 - 13.47 |
|
| N. CENT. |
5.12 - 5.21 |
13.42 - 13.52 |
|
| S. CENTRAL |
5.14 - 5.24 |
13.42 - 13.52 |
|
| WABASH |
5.20 - 5.30 |
13.47 - 13.52 |
6.20 - 6.27 |
| W.S. WEST |
5.22 - 5.25 |
13.43 - 13.55 |
6.32 - 6.43 |
|
L. EGYPT |
5.30 - 5.31 |
13.47 - 13.52 |
6.19 - 6.34 |
***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
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[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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