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Illinois grain prices in country elevators

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[April 17, 2012]  SPRINGFIELD -- This is Monday'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 Monday afternoon. Grain prices followed outside markets lower. Technical selling and beneficial rain over much of the cornbelt also pressured grain values.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 4 to 8 cents lower at 6.04-6.18. Soybean bids traded 14 to 18 cents lower at 13.89-14.13.

In Central Illinois country grain dealers quoted shelled corn bids were 3 to 8 cents lower at 6.15-6.30. Soybean bids were 15 to 17 cents lower at 13.95-14.09.

In the Southern part of the state, shelled corn bids were 5 to 8 cents lower at 6.25-6.45. Soybean bids were 9 to 19 cents lower at 14.06-14.22. Wheat bids were mostly 9 cents lower at 5.99-6.17.

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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 6.04 - 6.13 13.89 - 14.00  
WESTERN  6.08 - 6.18 13.94 - 14.13  
N. CENT. 6.15 - 6.23 13.95 - 14.06  
S. CENTRAL  6.24 - 6.30 13.97 - 14.09  
WABASH  6.29 - 6.39 14.06 - 14.10 5.99 - 6.06
W.S. WEST 6.25 - 6.31 14.07 - 14.21 6.05 - 6.17
L. EGYPT 6.37 - 6.45 14.10 - 14.22 6.00 - 6.16

Central Illinois average price

Corn: 6.22 1/2 (- 1/2 K)
Soybeans:
14.02 (-18 K)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN 4.83 - 4.96 13.00 - 13.12  
WESTERN  4.82 - 4.91 13.02 - 13.15  
N. CENT. 4.89 - 4.97 13.10 - 13.20  
S. CENTRAL 4.90 - 5.04 13.10 - 13.20  
WABASH  4.96 - 5.07 13.12 - 13.20 5.96 - 5.99
W.S. WEST 4.94 - 5.02 13.20 - 13.37

6.04 - 6.16

L. EGYPT

5.04 - 5.08

13.07 - 13.22

5.91 - 6.06

***June/July 2012 Delivery

 

Cent. Ill. Average Price at Country Elevators
Week of 4/12/2012 4/5/2012
  Price Basis Price Basis
Corn

6.38 + 1/2 K

6.58 1/2 Opt K

Soybeans

14.17 -17 1/2 K

14.17 -17 K


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

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