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Illinois grain prices in country elevators

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[May 30, 2012]  SPRINGFIELD -- This is Tuesday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

(Copy)

Illinois country grain prices were mixed on Tuesday afternoon, with corn and wheat sharply lower and soybeans slightly higher.

Technical selling at the Board of Trade and a wet weather forecast for the end of the week pushed corn futures lower.

In the Weekly Crop Progress report, the USDA placed 66% of the Illinois corn crop in good to excellent condition, with 28% fair and 6% rated very poor to poor.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 6 to 10 cents lower at 5.79-5.90.

Soybean bids traded 5 to 7 cents higher at 13.61-13.73.

In Central Illinois country grain dealers quoted shelled corn bids were 16 cents lower at 5.81-5.95.

Soybean bids were 5 to 7 cents higher at 13.68-13.84.

In the Southern part of the state, shelled corn bids were 16 to 17 cents lower at 5.79-6.10.

Soybean bids were 2 to 3 cents higher at 13.72-13.87.

Wheat bids were 13 to 15 cents lower at 6.30-6.52.

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Commercial grain prices paid farmers by Interior Illinois Country Elevators after 2.00 p.m. Tuesday are listed below in dollars per bushel:

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN 5.79 - 5.90 13.61 - 13.65  
WESTERN  5.79 - 5.86 13.61 - 13.73  
N. CENT. 5.81 - 5.86 13.68 - 13.75  
S. CENTRAL 5.88 - 5.95 13.72 - 13.84  
WABASH  5.97 - 6.04 13.72 - 13.76 6.30 - 6.41
W.S. WEST 5.79 - 5.95 13.77 - 13.80  6.40 - 6.52
L. EGYPT 5.98 - 6.10 13.76 - 13.87 6.31 - 6.39

Central Illinois average price

Corn: 5.88 (+25 1/2N)
Soybeans:
13.76 (-11 N)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN 4.74 - 4.79 12.51 - 12.59  
WESTERN  4.76 - 4.82 12.49 - 12.61  
N. CENT. 4.80 - 4.89 12.56 - 12.68  
S. CENTRAL 4.80 - 4.92 12.54 - 12.68  
WABASH  4.93 - 5.01 12.62 - 12.68 6.32 - 6.43
W.S. WEST 4.92 - 5.00 12.74 - 12.80

6.45 - 6.52

L. EGYPT

4.95 - 4.98

12.61 - 12.69

6.27 - 6.39

***June/July 2012 Delivery

 

Cent. Ill. Average Price at Country Elevators
Week of 5/24/2012 5/17/2012
  Price Basis Price Basis
Corn

6.05 1/2 +27 N

6.54 1/2 +29 1/2 N

Soybeans

13.64 1/2 -11 1/2 N

14.21 1/2 -16 1/2 N


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

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