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 (Copy)
Illinois country grain prices were
sharply higher on Monday afternoon.
Continued dry weather pushed corn and soybean prices higher.
The USDA's Crop Condition Report
had 40% of the corn in the good to excellent columns, down from
48% a week ago.
Soybeans had 40% rated good to
excellent, down from 45% last week.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 29 to 32 cents higher at 7.53-7.67.
Soybean bids traded 39 to 41 cents
higher at 16.25-16.46.
In Central Illinois country grain dealers quoted shelled corn
bids were 25 to 37 cents higher at 7.59-7.81.
Soybean bids were 39 to 41 cents
higher at 16.13-16.50.
Wheat bids were 20 to 21 cents
higher at 7.91-8.12.
In the Southern part of the state, shelled corn bids were 34 to
39 cents higher at 7.69-7.82.
Soybean bids were 35 to 37 cents
higher at 16.21-16.57.
Wheat bids were 22 to 23 cents
higher at 7.86-8.39.
[to top of second column] |
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 |
7.56 - 7.67 |
16.25 - 16.40 |
|
|
WESTERN |
7.53 - 7.65 |
16.34 - 16.46 |
|
|
N. CENT. |
7.59 - 7.68 |
16.38 - 16.50 |
|
|
S. CENTRAL |
7.71 - 7.81 |
16.13 - 16.24 |
7.91 - 8.12 |
|
WABASH |
7.72 - 7.82 |
16.21 - 16.25 |
8.14 - 8.23 |
|
W.S. WEST |
7.69 - 7.76 |
16.47 - 16.57 |
7.86 - 7.93 |
|
L. EGYPT |
7.72 - 7.82 |
16.39 - 16.47 |
8.29 - 8.39 |
Central Illinois average price
Corn: 7.70 (+38 U)
Soybeans:
16.31 1/2 (+25 Q)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
6.91 - 6.95 |
15.07 - 15.18 |
|
|
WESTERN |
6.88 - 6.98 |
15.17 - 15.23 |
|
|
N. CENT. |
7.02 - 7.10 |
15.12 - 15.30 |
|
|
S. CENTRAL |
7.00 - 7.17 |
15.18 - 15.29 |
--- |
|
WABASH |
7.25 - 7.30 |
15.35 - 15.42 |
--- |
|
W.S. WEST |
7.00 - 7.11 |
15.32 - 15.44 |
--- |
|
L. EGYPT |
7.17 - 7.23 |
15.26 - 15.41 |
--- |
Cent. Ill. Average Price at Country
Elevators
|
Week of |
7/5/2012 |
6/28/2012
|
| |
Price Basis |
Price Basis |
|
Corn |
7.48
+39 U |
6.67 +15 N
|
|
Soybeans |
16.03
+20 Q |
14.60 - 6 N
|
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
