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Illinois grain prices in country elevators

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[November 28, 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.

Wheat values again were supported by the low crop condition ratings for the US wheat crop.

Problems with the South American wheat crop also helped to boost prices.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 13 cents higher at 7.40-7.56.

Soybean bids were 24 to 29 cents higher at 14.05-14.31.

In Central Illinois country grain dealers quoted shelled corn bids were 13 to 18 cents higher at 7.53-7.69.

Soybean bids were 24 to 27 cents higher at 14.31-14.44.

In the Southern part of the state, shelled corn bids were 13 to 17 cents higher at 7.34-7.80.

Soybean bids were 21 to 24 cents higher at 14.45-14.64.

Wheat bids were 23 to 24 cents higher at 8.53-8.69.

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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

7.52 - 7.56 14.05 - 14.20  

WESTERN 

7.40 - 7.54 14.17 - 14.31  

N. CENT.

7.53 - 7.61 14.31 - 14.41  

S. CENTRAL

7.60 - 7.69 14.34 - 14.44  

WABASH 

7.63 - 7.76 14.49 - 14.54  8.58 - 8.63

W.S. WEST

7.34 - 7.50 14.45 - 14.50 8.68 - 8.69

L. EGYPT

7.72 - 7.80  14.54 - 14.64  8.53 - 8.58

Central Illinois average price

Corn: 7.61 (+ 1 Z)
Soybeans:
14.37 1/2 (-12 F)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.51 - 7.65 14.19 - 14.26  

WESTERN 

7.43 - 7.55 14.11 - 14.30  

N. CENT.

7.53 - 7.61 14.31 - 14.41  

S. CENTRAL

 7.56 - 7.74 14.41 - 14.47  

WABASH 

7.72 - 7.84 14.49 - 14.54 8.43 - 8.53

W.S. WEST

7.43 - 7.56 14.31 - 14.46

8.34 - 8.43

L. EGYPT

7.82 - 7.89

14.54 - 14.67

 8.44 - 8.51

***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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