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Illinois grain prices in country elevators

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[November 21, 2012]  SPRINGFIELD -- This is Tuesday'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 higher on Tuesday.

Renewed buying interest in the soybeans and soybean meal markets supported other grain
markets during the day .

In Northern and Western Illinois country grain dealers quoted shelled corn bids 4 to 6 cents higher at 7.23-7.37.

Soybean bids were 18 to 25 cents higher at 13.78-14.06.

In Central Illinois country grain dealers quoted shelled corn bids were 4 to 5 cents higher at 7.35-7.49.

Soybean bids were 18 to 20 cents higher at
13.98-14.08.

In the Southern part of the state, shelled corn bids were 4 to 6 cents higher at 7.25-7.60.

Soybean bids were 18 to 20 cents higher at 14.06-14.28.

Wheat bids were 3 to 4 cents higher at 8.25-8.40.

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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

7.24 - 7.37 13.78 - 13.88  

WESTERN 

7.23 - 7.36 13.85 - 14.06  

N. CENT.

7.35 - 7.46 13.99 - 14.08  

S. CENTRAL

7.38 - 7.49 13.98 - 14.08  

WABASH 

7.49 - 7.59 14.18 - 14.20 8.35 - 8.40

W.S. WEST

7.25 - 7.35 14.06 - 14.18 8.38 - 8.40

L. EGYPT

7.51 - 7.60 14.18 - 14.28 8.25 - 8.30

Central Illinois average price

Corn: 7.42 (- 1 Z)
Soybeans:
14.03 (-10 F)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.37 - 7.53 13.79 - 13.88  

WESTERN 

7.27 - 7.38 13.82 - 14.09  

N. CENT.

7.42 - 7.52  14.00 - 14.13  

S. CENTRAL

7.49 - 7.57 13.99 - 14.10  

WABASH 

7.56 - 7.65 14.09 - 14.20 8.15 - 8.23

W.S. WEST

7.33 - 7.42 14.01 - 14.20

8.06 - 8.13

L. EGYPT

7.63 - 7.72

14.03 - 14.18

8.15 - 8.21

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

11/15/2012

11/8/2012

  Price--Basis Price--Basis

Corn

7.20 - 1Z

7.39 1/2 + 2 1/2Z

Soybeans

13.90 1/2 -11F

14.84 1/2 -11 X

Annual Comparison

 

October 2012

October 2011

  Price--Basis Price--Basis

Corn

7.48 - 2Z

6.23 - 9Z

Soybeans

15.27 -12X

11.87 -27X

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

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