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Illinois grain prices in country elevators

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[April 12, 2012]  SPRINGFIELD -- This is Wednesday'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 mixed on Wednesday afternoon, with corn and wheat slightly higher and soybeans slightly lower. Selling activity continues to be very slow in the cash grain market. Cash basis for corn continues to improve at river terminals and processors.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mostly 1 to 2 cents higher at 6.17-6.32. Soybean bids traded mostly 3 to 6 cents lower at 13.95-14.06.

In Central Illinois country grain dealers quoted shelled corn bids were 1 cent higher at 6.29-6.46. Soybean bids were 4 cents lower at 13.99-14.11.

In the Southern part of the state, shelled corn bids were 1 to 2 cents higher at
6.39-6.60. Soybean bids were 2 to 4 cents lower at 14.08-14.24. Wheat bids were
2 cents higher at 6.07-6.28.

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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 6.17 - 6.25 13.95 - 14.02  
WESTERN  6.22 - 6.32 13.99 - 14.06  
N. CENT. 6.29 - 6.35  13.99 - 14.09  
S. CENTRAL 6.41 - 6.46  14.06 - 14.11  
WABASH  6.43 - 6.52 14.08 - 14.12 6.07 - 6.18
W.S. WEST 6.39 - 6.42 14.09 - 14.24 6.21 - 6.23
L. EGYPT 6.50 - 6.60 14.12 - 14.24 6.16 - 6.28

Central Illinois average price

Corn: 6.37 1/2 (+ 1 1/2 K)
Soybeans:
14.05 (-17 K)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN 5.04 - 5.16 13.08 - 13.22  
WESTERN  5.02 - 5.11 13.10 - 13.24  
N. CENT. 5.08 - 5.18  13.20 - 13.29  
S. CENTRAL 5.12 - 5.21  13.19 - 13.29  
WABASH  5.17 - 5.27 13.24 - 13.29 6.09 - 6.12
W.S. WEST 5.10 - 5.24 13.21 - 13.33

6.17 - 6.27

L. EGYPT

5.27 - 5.28

13.24 - 13.29

6.04 - 6.19

***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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