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Illinois country grain prices were
sharply higher on Monday afternoon.
The outlook for the hot and dry weather conditions to continue
this week, especially for the western cornbelt, pushed futures
prices up.
The condition of the nations corn and soybean crops continue to
fall.
In the USDA's Weekly Crop Progress report, the US corn crop
placed only 31% in the good to excellent range, down 9% from
last week.
The US soybean crop placed 34% in the good to excellent range,
down 6% from last week.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 28 to 30 cents higher at 7.80-7.92.
Soybean bids traded 29 to 34 cents
higher at 16.49-16.60.
In Central Illinois country grain dealers quoted shelled corn
bids were 34 to 35 cents higher at 7.95-8.11.
Soybean bids were 39 to 44 cents
higher at 16.46-16.69.
Wheat bids were 35 to 40 cents
higher at
8.49-8.68.
In the Southern part of the state, shelled corn bids were mostly
34 to 40 cents higher at 8.11-8.27.
Soybean bids were 38 to 39 cents
higher at 16.48-16.90.
Wheat bids were mostly 33 to 38
cents higher at 8.55-8.99.
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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 |
7.80 - 7.92 |
16.49 - 16.56 |
|
|
WESTERN |
7.80 - 7.91 |
16.49 - 16.60 |
|
|
N. CENT. |
7.97 - 8.06 |
16.46 - 16.57 |
|
|
S. CENTRAL |
7.95 - 8.11 |
16.57 - 16.69 |
8.49 - 8.68 |
|
WABASH |
8.16 - 8.27 |
16.48 - 16.63 |
8.77 - 8.88 |
|
W.S. WEST |
8.17 - 8.27 |
16.76 - 16.90 |
8.84 - 8.99 |
|
L. EGYPT |
8.11 - 8.14 |
16.58 - 16.70 |
8.55 - 8.57 |
Central Illinois average price
Corn: 8.03 (+26 U)
Soybeans:
16.57 1/2 (+23 1/2 Q)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.35 - 7.44 |
15.52 - 15.58 |
|
|
WESTERN |
7.34 - 7.43 |
15.60 - 15.72 |
|
|
N. CENT. |
7.46 - 7.54 |
15.54 - 15.66 |
|
|
S. CENTRAL |
7.52 - 7.69 |
15.60 - 15.70 |
|
|
WABASH |
7.68 - 7.77 |
15.71 - 15.91 |
|
|
W.S. WEST |
7.56 - 7.61 |
15.76 - 15.84 |
|
|
L. EGYPT |
7.62 - 7.73 |
15.65 - 15.78 |
|
Cent. Ill. Average Price at Country
Elevators
|
Week of |
7/12/2012
|
7/5/2012 |
| |
Price Basis |
Price Basis |
|
Corn |
7.62 +31 U
|
7.48
+39 U |
|
Soybeans |
15.93 +20 1/2
Q |
16.03
+20 Q |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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