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Illinois grain prices in country elevators

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[November 02, 2012]  SPRINGFIELD -- This is Thursday'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 mixed on Thursday afternoon, with soybeans and wheat higher and corn slightly lower.

Technical buying at the Board of Trade and stronger outside markets helped to lift soybeans and wheat.

Slow export demand continues to weigh on corn values.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 4 cents lower at 7.29-7.46.

Soybean bids were 10 to 12 cents higher at 15.27-15.40.

In Central Illinois country grain dealers quoted shelled corn bids were mostly 5 cents lower at 7.45-7.58.

Soybean bids were mostly 11 to 12 cents higher at 15.42-15.64.

In the Southern part of the state, shelled corn bids were mostly 4 to 6 cents lower at 7.27-7.61.

Soybean bids were 11 to 14 cents higher at
15.33-15.57.

Wheat bids were 8 to 9 cents higher at 8.36-8.59.

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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

7.35 - 7.46 15.29 - 15.40  

WESTERN 

7.29 - 7.37 15.27 - 15.39  

N. CENT.

 7.45 - 7.55 15.42 - 15.53  

S. CENTRAL

7.54 - 7.58 15.42 - 15.64  

WABASH 

7.53 - 7.61 15.33 - 15.50 8.36 - 8.59

W.S. WEST

7.27 - 7.39 15.36 - 15.47 8.53 - 8.58

L. EGYPT

7.59 - 7.61 15.45 - 15.57 8.48 - 8.54

Central Illinois average price

Corn: Corn 7.51 1/2 (+ 1/2 Z)
Soybeans:
15.53 (- 5 1/2X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.44 - 7.57 15.28 - 15.42  

WESTERN 

7.34 - 7.44 15.36 - 15.49  

N. CENT.

7.46 - 7.58 15.50 - 15.55  

S. CENTRAL

 7.51 - 7.69 15.56 - 15.66  

WABASH 

7.66 - 7.73 15.45 - 15.60 8.37 - 8.47

W.S. WEST

7.40 - 7.52 15.59 - 15.72

 8.21 - 8.30

L. EGYPT

7.74 - 7.81

15.53 - 15.68

8.42 - 8.46

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

10/18/2012

10/11/2012

  Price--Basis Price--Basis

Corn

 7.40 -2Z 

7.58 - 4Z

Soybeans

15.52 -12 X

15.33 1/2 -12X

Annual Comparison

 

Sept 2012

Sept 2011

  Price--Basis Price--Basis

Corn

7.83 +6Z

 6.77 -17Z

Soybeans

16.95 -5X

13.12 -13X

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

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