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Illinois grain prices in country elevators

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

(Copy)

Illinois country grain prices were mixed on Monday.

Long liquidation of contracts on the Board of Trade and uncertainty in the soybean markets before the release of the monthly USDA Supply and Demand report, kept markets mixed at the close.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 3 to 7 cents lower at 7.06-7.30.

Soybean bids were 2 to 5 cents higher at 14.38-14.57.

In Central Illinois country grain dealers quoted shelled corn bids were 5 to 8 cents lower at 7.23-7.38.

Soybean bids were mostly 2 to 4 cents
higher at 14.58-14.74.

In the Southern part of the state, shelled corn bids were 5 to 7 cents lower at 7.01-7.50.

Soybean bids were 3 to 6 cents higher at 14.74-14.93.

Wheat bids were 10 to 14 cents lower at 8.16-8.39.

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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

7.17 - 7.30 14.38 - 14.50  

WESTERN 

7.06 - 7.18 14.38 - 14.57  

N. CENT.

7.23 - 7.30 14.58 - 14.71  

S. CENTRAL

7.28 - 7.38 14.64 - 14.74  

WABASH 

7.30 - 7.36 14.75 - 14.87 8.16 - 8.39

W.S. WEST

7.01 - 7.18 14.74 - 14.84 8.25 - 8.39

L. EGYPT

 7.37 - 7.50 14.80 - 14.93 8.16 - 8.29

Central Illinois average price

Corn: 7.30 1/2 (+ 1/2 H)
Soybeans:
14.66 (- 9 F)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.90 - 6.05 12.79 - 12.95  

WESTERN 

5.90 - 6.02 12.79 - 12.90  

N. CENT.

5.96 - 6.07 12.93 - 13.04  

S. CENTRAL

5.97 - 6.13 12.93 - 13.08  

WABASH 

 6.12 - 6.27 12.77 - 13.05 8.26 - 8.35

W.S. WEST

5.82 - 5.97 12.90 - 13.00

8.20 - 8.27

L. EGYPT

 6.12 - 6.21

12.79 - 13.05

8.29 - 8.35

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

12/6/2012

11/29/2012

  Price--Basis Price--Basis

Corn

7.52 + 1/2 H

7.55 + 3 1/2 Z 

Soybeans

14.77 1/2 -13 1/2 F 

14.34 1/2 -13 1/2 F

Annual Comparison

 

November 2012

November 2011

  Price--Basis Price--Basis

Corn

7.39 - 1Z

6.26 - 3Z

Soybeans

14.39 -11X

11.51 -24X

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

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