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Illinois grain prices in country elevators

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[June 08, 2012]  SPRINGFIELD -- This is Thursday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

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Illinois country grain prices were sharply higher on Thursday afternoon. Dry
weather conditions and a bleak outlook for rain next week across the Midwest
has sparked both fund and commercial buying.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 8 to 12 cents higher at 6.11-6.29.

Soybean bids traded 40 to 44 cents higher
at 14.10-14.25.

In Central Illinois country grain dealers quoted shelled corn bids were 8 to 12 cents higher at 6.14-6.29.

Soybean bids were mostly 42 cents higher at
14.12-14.28.



In the Southern part of the state, shelled corn bids were 8 to 11 cents higher at 6.21-6.45.

Soybean bids were 40 to 44 cents higher at 14.15-14.37.

Wheat bids were 17 to 20 cents higher at 6.20-6.42.

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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 6.11 - 6.28 14.12 - 14.25  
WESTERN  6.14 - 6.29 14.10 - 14.14  
N. CENT. 6.14 - 6.26 14.12 - 14.21  
S. CENTRAL 6.24 - 6.29 14.22 - 14.28 6.35 - 6.40
WABASH  6.30 - 6.38 14.15 - 14.19 6.21 - 6.37
W.S. WEST  6.21 - 6.27 14.25 - 14.37 6.20 - 6.31
L. EGYPT 6.32 - 6.45 14.16 - 14.26 6.37 - 6.42

Central Illinois average price

Corn: 6.21 1/2 (+27 1/2N)
Soybeans:
14.20 (- 8 N)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN 4.92 - 4.98 12.96 - 13.06  
WESTERN  4.94 - 5.02 13.01 - 13.14  
N. CENT. 4.97 - 5.07 13.02 - 13.06  
S. CENTRAL 5.00 - 5.16 12.99 - 13.14  
WABASH  5.10 - 5.22 13.10 - 13.16 ---
W.S. WEST 5.11 - 5.21 13.20 - 13.30

---

L. EGYPT

5.15 - 5.16

13.09 - 13.14

---

***June/July 2012 Delivery

 

Cent. Ill. Average Price at Country Elevators
Week of 5/31/2012 5/24/2012
  Price Basis Price Basis
Corn

5.82 +27 N

6.05 1/2 +27 N

Soybeans

13.30 1/2 - 9 1/2 N

13.64 1/2 -11 1/2 N


[Text copied from USDA-IL Dept of Ag Market News, Springfield]

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