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Illinois grain prices in country elevators

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[August 28, 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.

Technical selling at the Board of Trade weakened grain futures.

A slow export market and missed export opportunities weighed on corn and wheat values.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mostly 7 to 10 cents lower at 7.83-8.05.

Soybean bids were 18 to 21 cents lower
at 17.09-17.24.

In Central Illinois country grain dealers quoted shelled corn bids were 8 to 9 cents lower at 8.00-8.24.

Soybean bids were 12 to 13 cents lower at 17.41-17.74.

In the Southern part of the state, shelled corn bids were 8 cents lower at 8.11-
8.34.

Soybean bids were mostly 13 to 21 cents lower at 17.12-17.64.

Wheat bids were mostly 2 to 6 cents lower at 8.37-8.57.

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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

7.83 - 8.05 17.09 - 17.17  

WESTERN 

7.89 - 7.99 17.12 - 17.24  

N. CENT.

8.00 - 8.09 17.41 - 17.55  

S. CENTRAL

8.16 - 8.24 17.62 - 17.74  

WABASH 

8.19 - 8.33 17.49 - 17.64 8.37 - 8.57

W.S. WEST

8.11 - 8.23 17.12 - 17.27 8.43 - 8.57

L. EGYPT

8.25 - 8.34 17.39 - 17.61 8.42 - 8.53

Central Illinois average price

Corn: 8.12 (+17 1/2 U)
Soybeans:
17.57 1/2 (+39 X)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.76 - 7.85 16.88 - 16.97  

WESTERN 

7.70 - 7.79 16.87 - 16.94  

N. CENT.

7.86 - 8.00 17.00 - 17.06  

S. CENTRAL

8.04 - 8.16 17.04 - 17.22  

WABASH 

8.16 - 8.29 17.08 - 17.24 8.14 - 8.17

W.S. WEST

7.71 - 7.74 17.15 - 17.32

7.90 - 7.99

L. EGYPT

8.21 - 8.26

17.17 - 17.24

8.09 - 8.19

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

8/23/2012 8/16/2012
  Price--Basis Price--Basis

Corn

8.27 +18 U

8.11 1/2 +14 1/2 U

Soybeans

17.53 1/2 +38 1/2 X

16.77 1/2 +52 X

Annual Comparison

 

July 2012 July 2011
  Price--Basis Price--Basis

Corn

7.85 +25 1/2 U

6.96 +28 U

Soybeans

16.60 +23 X

13.65 + 3 1/2 X

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

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