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Illinois grain prices in country elevators

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[November 27, 2012]  SPRINGFIELD -- This is Monday'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 slightly higher on Monday.

Wheat futures were supported by export interest along with the dry soil conditions in the western growing regions.

Soybean futures received a boost from the export sale of soybean oil and good demand.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 4 to 6 cents higher at 7.27-7.43.

Soybean bids were 13 to 16 cents higher at 13.86-14.07.

In Central Illinois country grain dealers quoted shelled corn bids were 6 cents higher at 7.35-7.56.

Soybean bids were 11 to 16 cents higher
at 14.04-14.20.

In the Southern part of the state, shelled corn bids were 6 to 10 cents higher at 7.23-7.63.

Soybean bids were 16 to 19 cents higher at 14.24-14.40.

Wheat bids were mostly 5 to 6 cents higher at 8.29-8.46.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

7.34 - 7.41 13.86 - 13.96  

WESTERN 

 7.27 - 7.43  13.95 - 14.07  

N. CENT.

7.35 - 7.48 14.04 - 14.18  

S. CENTRAL

7.42 - 7.56 14.10 - 14.20  

WABASH 

7.52 - 7.63 14.25 - 14.30 8.34 - 8.40

W.S. WEST

7.23 - 7.46 14.24 - 14.35  8.43 - 8.46

L. EGYPT

7.62 - 7.63 14.30 - 14.40 8.29 - 8.34

Central Illinois average price

Corn: 7.45 1/2 (- 2 Z)
Soybeans:
14.12 (-13 F)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.38 - 7.54 13.91 - 13.97  

WESTERN 

7.30 - 7.42 13.94 - 14.06  

N. CENT.

7.46 - 7.62 14.12 - 14.24  

S. CENTRAL

7.45 - 7.61 14.10 - 14.22  

WABASH 

7.60 - 7.71 14.25 - 14.30 8.20 - 8.29

W.S. WEST

 7.32 - 7.40 14.19 - 14.26

8.10 - 8.19

L. EGYPT

7.71 - 7.73

14.30 - 14.43

8.21 - 8.27

***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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