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Illinois grain prices in country elevators

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[July 06, 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 sharply higher on Thursday afternoon.

The continuation of the hot temperatures for the cornbelt, especially the eastern cornbelt, pushed grain prices higher.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 35 to 39 cents higher at 7.35-7.53.

Soybean bids traded 53 to 57 cents higher at 16.06-16.16.

In Central Illinois country grain dealers quoted shelled corn bids were 34 to 35 cents higher at 7.38-7.58.

Soybean bids were mostly 53 to 57 cents
higher at 15.90-16.16.

Wheat bids were 39 to 41 cents higher at 8.02-8.20.

In the Southern part of the state, shelled corn bids were 34 to 39 cents higher at 7.48-7.69.

Soybean bids were 50 to 57 cents higher at 15.97-16.26.

Wheat bids were 39 to 49 cents higher at 8.01-8.53.

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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

7.35 - 7.44 16.06 - 16.15  

WESTERN 

 7.41 - 7.53 16.07 - 16.16  

N. CENT.

7.38 - 7.49 15.93 - 16.16  

S. CENTRAL

7.48 - 7.58 15.90 - 16.00 8.02 - 8.20

WABASH 

7.54 - 7.69 15.97 - 16.00 8.23 - 8.43

W.S. WEST

7.48 - 7.56 16.14 - 16.26 8.01 - 8.02

L. EGYPT

7.49 - 7.59 16.11 - 16.19  8.40 - 8.53

Central Illinois average price

Corn: 7.48 (+39 U)
Soybeans:
16.03 (+20 Q)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

6.70 - 6.78 14.87 - 14.99  

WESTERN 

6.68 - 6.76 14.97 - 15.00  

N. CENT.

6.79 - 6.92 14.89 - 14.96  

S. CENTRAL

6.79 - 6.96 14.92 - 15.09 ---

WABASH 

 6.99 - 7.05 15.14 - 15.22 ---

W.S. WEST

6.83 - 6.89 15.11 - 15.19

---

L. EGYPT

6.97 - 7.03

15.00 - 15.14

---

 

Cent. Ill. Average Price at Country Elevators

Week of

6/28/2012 6/21/2012
  Price Basis Price Basis

Corn

6.67 +15 N

6.09 +22 1/2 N

Soybeans

14.60 - 6 N

14.32 - 6 1/2 N

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

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