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Illinois grain prices in country elevators

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[May 03, 2012]  SPRINGFIELD -- This is Wednesday'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 lower on Wednesday afternoon. Technical, fund, and speculative selling at the Board of Trade pushed grain futures lower. Prices ended lower despite several export sales announced by the USDA, one sale of 204,000 metric tonnes of soybeans and the other a sale of 130,000 metric tonnes of corn.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mostly 13 to 17 cents lower at 6.18-6.28. Soybean bids traded 14 to 20 cents lower at 14.54-14.68.

In Central Illinois country grain dealers quoted shelled corn bids were 18 cents lower at 6.23-6.36. Soybean bids were 15 to 18 cents lower at 14.64-14.77.

In the Southern part of the state, shelled corn bids were 17 cents lower at 6.36-6.47. Soybean bids were 18 cents lower at 14.68-14.88. Wheat bids were 32 to 33 cents lower at 5.92-6.10.


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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 6.18 - 6.28 14.54 - 14.60  
WESTERN  6.21 - 6.26 14.62 - 14.68  
N. CENT. 6.23 - 6.33 14.64 - 14.71  
S. CENTRAL 6.31 - 6.36 14.64 - 14.77  
WABASH  6.36 - 6.44 14.68 - 14.77 5.92 - 6.00
W.S. WEST 6.38 - 6.41 14.76 - 14.88 6.04 - 6.10
L. EGYPT 6.36 - 6.47 14.72 - 14.85 5.94 - 6.07

Central Illinois average price

Corn: 6.29 1/2 (+18 N)
Soybeans:
14.70 1/2 (-14 1/2N)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN 4.88 - 5.02 13.24 - 13.32  
WESTERN  4.86 - 4.96 13.23 - 13.33  
N. CENT. 4.93 - 5.02 13.27 - 13.38  
S. CENTRAL 4.95 - 5.09 13.28 - 13.38  
WABASH  5.03 - 5.13 13.33 - 13.38 5.90 - 6.02
W.S. WEST 5.03 - 5.08 13.41 - 13.52

6.08 - 6.10

L. EGYPT

5.07 - 5.12

13.32 - 13.38

5.95 - 6.08

***June/July 2012 Delivery

 

Cent. Ill. Average Price at Country Elevators
Week of   4/26/2012 4/19/2012
  Price Basis Price Basis
Corn

 6.22  -2K

6.21 1/2 + 1/2 K

Soybeans

14.63 1/2   -18K

13.98 1/2 -17 1/2 K


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

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