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 (Copy)
Illinois country grain prices were
sharply higher on Monday afternoon.
Hot and dry weather conditions
continue to push grain prices higher.
In the USDA's Weekly Crop Progress
report, the condition of the US corn crop fell by 2% to place
24% in the good to excellent category.
The condition of the US soybean
crop also fell by 2% placing 29% in the good to excellent range.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 20 to 22 cents higher at 7.99-8.18.
Soybean bids traded 31 to 32 cents
higher at 17.26-17.42.
In Central Illinois country grain dealers quoted shelled corn
bids were 20 to 25 cents higher at 8.22-8.48.
Soybean bids were 31 to 35 cents
higher at 17.34-17.47.
Wheat bids were 14 to 17 cents
higher at 8.89-8.98.
In the Southern part of the state, shelled corn bids were 19 to
20 cents higher at 8.14-8.60.
Soybean bids were mostly 36 to 42
cents higher at 17.34-17.60.
Wheat bids were 12 to 17 cents
higher at 8.73-9.15.
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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 |
7.99 - 8.08 |
17.30 - 17.42 |
|
|
WESTERN |
8.11 - 8.18 |
17.26 - 17.39 |
|
|
N. CENT. |
8.22 - 8.35 |
17.34 - 17.47 |
|
|
S. CENTRAL |
8.39 - 8.48 |
17.36 - 17.47 |
8.89 - 8.98 |
|
WABASH |
8.51 - 8.60 |
17.34 - 17.52 |
8.96 - 9.15 |
|
W.S. WEST |
8.14 - 8.37 |
17.43 - 17.60 |
8.73 - 8.94 |
|
L. EGYPT |
8.55 - 8.60 |
17.34 - 17.36 |
9.06 - 9.15 |
Central Illinois average price
Corn: 8.35 (+15 U)
Soybeans:
17.40 1/2 (+15 Q)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.78 - 7.93 |
16.09 - 16.13 |
|
|
WESTERN |
7.77 - 7.90 |
16.09 - 16.21 |
|
|
N. CENT. |
7.89 - 8.06 |
16.13 - 16.19 |
|
|
S. CENTRAL |
8.07 - 8.24 |
16.19 - 16.29 |
|
|
WABASH |
8.18 - 8.27 |
16.24 - 16.39 |
|
|
W.S. WEST |
7.98 - 8.01 |
16.22 - 16.34 |
|
|
L. EGYPT |
8.12 - 8.24 |
16.39
- 16.44 |
|
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] |
