|
 (Copy)
Illinois country grain prices were
sharply lower on Tuesday afternoon.
Technical and fund selling at the
Board of Trade helped to push prices lower.
In Monday's Crop Progress report,
the condition of the Illinois corn crop placed only 7% in the
good category, with 27% fair and 66% very poor to poor.
The states soybean crop placed 13%
in the good to excellent range, with 38% fair and 49% in the
very poor to poor condition.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids down 10 to 25 cents at 7.84-7.95.
Soybean bids traded 45 to 54 cents
lower at 16.62-16.85.
In Central Illinois country grain dealers quoted shelled corn
bids were 7 to 25 cents lower at 7.92-8.27.
Soybean bids were down 45 to 55
cents
at 16.71-16.89.
Wheat bids were 30 to 35 cents
lower at 8.57-8.62.
In the Southern part of the state, shelled corn bids were mostly
20 to 25 cents lower at 8.00-8.40.
Soybean bids were down 48 to 55
cents at
16.63-16.97.
Wheat bids were 33 to 38 cents
lower at 8.37-8.82.
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Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Tuesday
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
7.84 - 7.90 |
16.62 - 16.74 |
|
|
WESTERN |
7.85 - 7.95 |
16.69 - 16.85 |
|
|
N. CENT. |
7.92 - 8.04 |
16.71 - 16.87 |
|
|
S. CENTRAL |
8.08 - 8.23 |
16.81 - 16.89 |
8.57 - 8.62 |
|
WABASH |
8.20 - 8.30 |
16.63 - 16.74 |
8.60 - 8.79 |
|
W.S. WEST |
8.00 - 8.07 |
16.80 - 16.97 |
8.37 - 8.58 |
|
L. EGYPT |
8.30 - 8.40 |
16.70 - 16.84 |
8.74 - 8.82 |
Central Illinois average price
Corn:
8.07 1/2 (+17 1/2 U)
Soybeans:
16.80 (+31 Q)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.41 - 7.53 |
15.24 - 15.38 |
|
|
WESTERN |
7.44 - 7.53 |
15.39 - 15.47 |
|
|
N. CENT. |
7.53 - 7.71 |
15.44 - 15.62 |
|
|
S. CENTRAL |
7.68 - 7.84 |
15.45 - 15.54 |
|
|
WABASH |
7.80 - 7.88 |
15.50 - 15.65 |
|
|
W.S. WEST |
7.58 - 7.69 |
15.53 - 15.61 |
|
|
L. EGYPT |
7.76 - 7.88 |
15.67 - 15.70 |
|
Cent. Ill. Average Price at Country
Elevators
|
Week of |
7/19/2012 |
7/12/2012
|
| |
Price Basis |
Price Basis |
|
Corn |
8.29 +21 U |
7.62 +31 U
|
|
Soybeans |
17.61 1/2 +28 Q |
15.93 +20 1/2
Q |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
