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Illinois country grain prices were
sharply higher on Monday afternoon.
The continuation of the hot and
dry weather pattern for the cornbelt pushed grain prices sharply
higher.
The USDA's Weekly Crop Progress
report
reflected declining conditions for the US corn and soybean
crops.
The US corn crop fell by 7% from
last week to place 56% in the good to excellent
category.
The US soybean crop placed 53% in
the good to excellent range, down 3% from last week.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 36 to 40 cents higher at 6.43-6.66.
Soybean bids traded 40 to 41 cents
higher at 14.67-14.77.
In Central Illinois country grain dealers quoted shelled corn
bids were 37 to 41 cents higher at 6.46-6.62.
Soybean bids were 36 to 41 cents
higher
at 14.62-14.87.
Wheat bids were 36 to 41 cents
higher at 6.89-7.07.
In the Southern part of the state, shelled corn bids were 40 to
41 cents higher at 6.50-6.80.
Soybean bids were 40 to 42 cents
higher at 14.75-14.92.
Wheat bids were mostly 49 to 51
cents higher at 7.00-7.42.
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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 |
6.43 - 6.66 |
14.67 - 14.70 |
|
|
WESTERN |
6.46 - 6.58 |
14.67 - 14.77 |
|
|
N. CENT. |
6.46 - 6.61 |
14.62 - 14.77 |
|
|
S. CENTRAL |
6.49 - 6.62 |
14.79 - 14.87 |
6.89 - 7.07 |
|
WABASH |
6.69 - 6.76 |
14.75 - 14.83 |
7.17 - 7.24 |
|
W.S. WEST |
6.50 - 6.62 |
14.76 - 14.88 |
7.00 - 7.24 |
|
L. EGYPT |
6.75 - 6.80 |
14.78 - 14.92 |
7.36 - 7.42 |
Central Illinois average price
Corn: 6.54 (+23 N)
Soybeans:
14.74 1/2 (- 8 N)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.53 - 5.56 |
13.83 - 13.94 |
|
|
WESTERN |
5.50 - 5.62 |
13.86 - 14.09 |
|
|
N. CENT. |
5.57 - 5.67 |
13.88 - 14.00 |
|
|
S. CENTRAL |
5.62 - 5.74 |
13.95 - 14.06 |
--- |
|
WABASH |
5.65 - 5.74 |
13.96 - 14.21 |
--- |
|
W.S. WEST |
5.67 - 5.80 |
14.05 - 14.17 |
--- |
|
L. EGYPT |
5.74 - 5.88 |
14.00 - 14.08 |
--- |
Cent. Ill. Average Price at Country
Elevators
|
Week of |
6/21/2012 |
6/14/2012 |
| |
Price Basis |
Price Basis |
|
Corn |
6.09 +22 1/2 N |
6.401/2 +39 N |
|
Soybeans |
14.32 - 6 1/2 N |
13.791/2 -81/2 N |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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