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Illinois country grain prices were
sharply higher on Thursday afternoon.
A hot and dry extended weather forecast for the cornbelt was the
fuel to drive futures prices to new higher levels.
Strong weekly export sales figures
for soybeans and soybean meal also helped to lift prices.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 8 to 16 cents higher at 8.01-8.16.
Soybean bids traded mostly 45 to
52 cents higher at 17.45-17.62.
In Central Illinois country grain dealers quoted shelled corn
bids were 10 to 12 cents higher at 8.18-8.40.
Soybean bids were 48 to 50 cents
higher at 17.49-17.74.
Wheat bids were 31 to 32 cents
higher at 9.00-9.17.
In the Southern part of the state, shelled corn bids were 12 to
17 cents higher at 8.24-8.57.
Soybean bids were mostly 40 to 50
cents higher at 17.35-17.79.
Wheat bids were mostly 28 to 32
cents higher at 9.06-9.50.
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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 |
8.01 - 8.11 |
17.45 - 17.53 |
|
|
WESTERN |
8.04 - 8.16 |
17.54 - 17.62 |
|
|
N. CENT. |
8.21 - 8.33 |
17.49 - 17.62 |
|
|
S. CENTRAL |
8.18 - 8.40 |
17.60 - 17.74 |
9.00 - 9.17 |
|
WABASH |
8.42 - 8.49 |
17.35 - 17.48 |
9.22 - 9.35 |
|
W.S. WEST |
8.24 - 8.28 |
17.65 - 17.79 |
9.06 - 9.15 |
|
L. EGYPT |
8.48 - 8.57 |
17.42 - 17.65 |
9.35 - 9.50 |
Central Illinois average price
Corn: 8.29 (+21 U)
Soybeans:
17.61 1/2 (+28 Q)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.38 - 7.53 |
15.98 - 16.20 |
|
|
WESTERN |
7.40 - 7.50 |
16.21 - 16.26 |
|
|
N. CENT. |
7.53 - 7.73 |
16.26 - 16.34 |
|
|
S. CENTRAL |
7.66 - 7.82 |
16.27 - 16.35 |
|
|
WABASH |
7.77 - 7.88 |
16.32 - 16.47 |
|
|
W.S. WEST |
7.64 - 7.88 |
16.36 - 16.49 |
|
|
L. EGYPT |
7.70 - 7.89 |
16.30 - 16.52 |
|
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] |
