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Illinois country grain prices were mixed on Wednesday afternoon.
Export interest and technical
buying at the Board of Trade helped to push corn futures higher.
Soybean futures were weakened by
fund and speculator selling resulting from an improving extended
weather forecast.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 8 to 14 cents higher at 6.15-6.28.
Soybean bids traded 27 to 28 cents
lower at
13.93-14.07.
In Central Illinois country grain dealers quoted shelled corn
bids were mostly 8
to 9 cents higher at 6.15-6.30.
Soybean bids were 24 to 25 cents
lower at 13.92-14.11. Wheat bids were mixed at 5.94-6.08.
In the Southern part of the state, shelled corn bids were mostly
9 to 12 cents
higher at 6.21-6.46.
Soybean bids were 25 to 27 cents
lower at 13.97-14.40.
Wheat bids were mixed at 6.03-6.26.
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Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Wednesday
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
| NORTHERN |
6.15 - 6.28 |
13.93 - 13.98 |
|
| WESTERN |
6.18 - 6.28 |
13.95 - 14.07 |
|
| N. CENT. |
6.15 - 6.29 |
13.92 - 14.05 |
|
| S. CENTRAL |
6.24 - 6.30
|
14.00 - 14.11 |
5.94 - 6.08 |
| WABASH |
6.30 - 6.41 |
13.97 - 14.07 |
6.11 - 6.16 |
| W.S. WEST |
6.21 - 6.31 |
14.06 - 14.20
|
6.03 - 6.16 |
| L. EGYPT |
6.35 - 6.46 |
14.07 - 14.15 |
6.21 - 6.26 |
Central Illinois average price
Corn: 6.22 1/2 (+30
N)
Soybeans: 14.01 1/2 (- 7 N)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
4.67 - 4.76 |
12.74 - 12.85 |
|
| WESTERN |
4.68 - 4.77 |
12.84 - 12.93 |
|
| N. CENT. |
4.74 - 4.84 |
12.83 - 12.95 |
|
| S. CENTRAL |
4.82 - 4.87 |
12.90 - 12.96 |
--- |
| WABASH |
4.83 - 4.99 |
12.85 - 12.95 |
--- |
| W.S. WEST |
4.85 - 4.94 |
12.93 - 13.10 |
--- |
|
L. EGYPT |
4.90 - 4.93 |
12.90 - 12.95 |
--- |
***June/July 2012 Delivery
Cent. Ill. Average Price at Country
Elevators
| Week of |
6/07/2012 |
5/31/2012 |
| |
Price Basis |
Price Basis |
| Corn |
6.21 1/2 +27 1/2 N |
5.82 +27 N |
| Soybeans |
14.20 - 8 N |
13.30 1/2 - 9 1/2 N |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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