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Illinois grain prices in country elevators

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[August 03, 2012]  SPRINGFIELD -- This is Thursday'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 Thursday afternoon.

Traders again took profits before the weekend and before the USDA's reports next week.

Weekly export sales were above expectations for corn, as expected for wheat and below expectations for soybeans.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mostly 4 to 8 cents lower at 7.72-8.00.

Soybean bids traded 28 to 31 cents lower at 16.31-16.50.

In Central Illinois country grain dealers quoted shelled corn bids were 6 to 7 cents lower at 7.93-8.14.

Soybean bids were 26 to 28 cents lower
at 16.65-16.93.

In the Southern part of the state, shelled corn bids were 8 to 9 cents lower at 7.83-8.28.

Soybean bids were 32 to 38 cents lower at 16.40-16.68.

Wheat bids were 10 to 18 cents lower at 8.38-8.62.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

7.72 - 7.83 16.31 - 16.41  

WESTERN 

7.87 - 8.00 16.32 - 16.50  

N. CENT.

7.93 - 8.09 16.65 - 16.87  

S. CENTRAL

8.04 - 8.14 16.77 - 16.93  

WABASH 

8.19 - 8.24 16.40 - 16.62  8.47 - 8.55

W.S. WEST

7.83 - 8.05 16.60 - 16.68 8.38 - 8.60

L. EGYPT

8.19 - 8.28 16.51 - 16.62 8.56 - 8.62

Central Illinois average price

Corn: 8.03 1/2 (+ 9 1/2 U)
Soybeans:
16.79 (+62 1/2 X)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

 7.65 - 7.78 15.81 - 15.86  

WESTERN 

7.62 - 7.76 15.84 - 15.90  

N. CENT.

7.70 - 7.86 15.81 - 15.92  

S. CENTRAL

7.96 - 8.08 15.92 - 16.03  

WABASH 

8.00 - 8.08  15.99 - 16.17 7.85 - 8.00

W.S. WEST

7.79 - 7.83 15.99 - 16.11

7.57 - 7.76

L. EGYPT

7.94 - 8.06

16.07 - 16.17

7.80 - 7.89

 

Cent. Ill. Average Price at Country Elevators

Week of

7/19/2012 7/12/2012
  Price Basis Price Basis

Corn

8.29   +21 U

7.62 +31 U

Soybeans

17.61 1/2   +28 Q

15.93 +20 1/2 Q

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

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