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Illinois grain prices in country elevators

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[April 11, 2012]  SPRINGFIELD -- This is Tuesday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

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Illinois country grain prices were lower on Tuesday afternoon, with wheat and corn sharply lower. Corn futures weakened as the USDA left the US corn carryout figure at 801 million bushels, which was higher than expected by traders. In the cash markets, trading activity was very slow. The cash corn basis at many river terminals increased 1 to
3 cents at many locations.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 12 to 14 cents lower at 6.15-6.27. Soybean bids traded 3 to 4 cents lower at 13.98-14.16.

In Central Illinois country grain dealers quoted shelled corn bids were 14 to 16 cents lower at 6.28-6.45. Soybean bids were 4 to 5 cents lower at 14.03-14.15.

In the Southern part of the state, shelled corn bids were mostly 12 to 14 cents lower at 6.37-6.59. Soybean bids were 4 to 7 cents lower at 14.10-14.28. Wheat bids were 15 to 17 cents lower at 6.05-6.26.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN 6.15 - 6.23 13.98 - 14.05  
WESTERN  6.21 - 6.27 14.02 - 14.16  
N. CENT. 6.28 - 6.34 14.03 - 14.12  
S. CENTRAL 6.36 - 6.45 14.09 - 14.15  
WABASH  6.42 - 6.52 14.10 - 14.16 6.05 - 6.16
W.S. WEST 6.37 - 6.40 14.13 - 14.28 6.16 - 6.24
L. EGYPT 6.49 - 6.59 14.16 - 14.26 6.15 - 6.26

Central Illinois average price

Corn: 6.36 1/2 (+ 2 K)
Soybeans:
14.09 (-17 K)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN 5.01 - 5.13 13.14 - 13.28  
WESTERN  4.99 - 5.08 13.16 - 13.30  
N. CENT. 5.05 - 5.15 13.25 - 13.35  
S. CENTRAL 5.08 - 5.18 13.20 - 13.35  
WABASH  5.14 - 5.24 13.30 - 13.35 6.05 - 6.10
W.S. WEST 5.15 - 5.19 13.26 - 13.38

 6.15 - 6.26

L. EGYPT

5.24 - 5.25

13.30 - 13.35

 6.02 - 6.17

***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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