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 (Copy)
Illinois country grain prices were
mixed on Wednesday afternoon, with wheat closing higher and corn
and soybeans lower.
Corn and soybean futures rallied
in the early trading, as traders believed the USDA
reports were to be considered bullish.
The corn and soybean futures
prices then turned lower due to technical trading and profit
taking by some traders.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 16 to 18 cents lower at 7.18-7.36.
Soybean bids traded 14 to 22 cents
lower at 15.98-16.16.
In Central Illinois country grain dealers quoted shelled corn
bids were 16 cents lower at 7.29-7.44.
Soybean bids were 19 to 20 cents
lower at
15.81-16.09.
Wheat bids were 3 cents higher at
7.88-8.08.
In the Southern part of the state, shelled corn bids were 15 to
19 cents lower at 7.28-7.54.
Soybean bids were 17 to 19 cents
lower at 15.86-16.25.
Wheat bids were 5 to 9 cents
higher at 7.78-8.36.
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Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Wednesday
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
7.18 - 7.30 |
15.98 - 16.16 |
|
|
WESTERN |
7.23 - 7.36 |
16.00 - 16.14 |
|
|
N. CENT. |
7.29 - 7.34 |
15.81 - 16.09 |
|
|
S. CENTRAL |
7.34 - 7.44 |
15.99 - 16.03 |
7.88 - 8.08 |
|
WABASH |
7.45 - 7.54 |
15.86 - 16.00 |
8.13 - 8.26 |
|
W.S. WEST |
7.28 - 7.41 |
16.12 - 16.23 |
7.78 - 7.88 |
|
L. EGYPT |
7.44 - 7.54 |
16.08 - 16.25 |
8.28 - 8.36 |
Central Illinois average price
Corn: 7.36 1/2 (+32 1/2 U)
Soybeans:
15.92 (+20 1/2 Q)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
6.65 - 6.74 |
14.82 - 14.92 |
|
|
WESTERN |
6.63 - 6.71 |
14.92 - 14.98 |
|
|
N. CENT. |
6.75 - 6.84 |
14.87 - 14.94 |
|
|
S. CENTRAL |
6.85 - 6.98 |
14.95 - 15.07 |
|
|
WABASH |
6.99 - 7.08 |
15.05 - 15.23 |
|
|
W.S. WEST |
6.85 - 7.08 |
15.11 - 15.19 |
|
|
L. EGYPT |
6.94 - 7.04 |
15.07 - 15.20 |
|
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] |
