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Illinois country grain prices were
higher on Thursday afternoon, with wheat and soybeans sharply
higher.
Good weekly export sales figures
and another sale of US soybeans to China helped to raise soybean
futures.
Today the USDA announced the sale
of 480,000 tonnes of old crop soybeans to China.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 5 to 9 cents higher at 6.39-6.55.
Soybean bids traded 16 to 21 cents
higher at 14.13-14.23.
In Central Illinois country grain dealers quoted shelled corn
bids were 5 to 9 cents higher at 6.45-6.64.
Soybean bids were 15 to 19 cents
higher at 14.14-14.29.
In the Southern part of the state, shelled corn bids were 5 to 9
cents higher at 6.58-6.75.
Soybean bids were 16 to 20 cents
higher at 14.26-14.45.
Wheat bids were 16 to 20 cents
higher at 6.37-6.58.
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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 |
6.39 - 6.47 |
14.13 - 14.19 |
|
| WESTERN |
6.42 - 6.55 |
14.14 - 14.23 |
|
| N. CENT. |
6.45 - 6.55 |
14.14 - 14.25 |
|
| S. CENTRAL |
6.57 - 6.64 |
14.18 - 14.29 |
|
| WABASH |
6.60 - 6.67 |
14.26 - 14.33 |
6.39 - 6.47 |
| W.S. WEST |
6.58 - 6.67 |
14.30 - 14.45 |
6.52 - 6.58 |
| L. EGYPT |
6.60 - 6.75 |
14.28 - 14.42 |
6.37 - 6.53 |
Central Illinois average price
Corn: 6.54 1/2 (+29 1/2N)
Soybeans: 14.21 1/2 (-16 1/2N)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
4.85 - 4.98 |
12.61 - 12.72 |
|
| WESTERN |
4.83 - 4.94 |
12.64 - 12.74 |
|
| N. CENT. |
4.91 - 5.03 |
12.68 - 12.70 |
|
| S. CENTRAL |
4.92 - 5.06 |
12.67 - 12.84 |
|
| WABASH |
4.99 - 5.08 |
12.75 - 12.82 |
6.37 - 6.49 |
| W.S. WEST |
5.09 - 5.12 |
12.82 - 12.93 |
6.53 - 6.66 |
|
L. EGYPT |
5.04 - 5.09 |
12.72 - 12.82 |
6.46 - 6.59 |
***June/July 2012 Delivery
Cent. Ill. Average Price at Country
Elevators
| Week of |
5/10/2012 |
5/3/2012 |
| |
Price Basis |
Price Basis |
| Corn |
6.16 28 1/2 N |
6.36 1/2 22N |
| Soybeans |
14.37 -18N |
14.58 1/2 -15N |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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