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Illinois grain prices in country elevators

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[November 29, 2012]  SPRINGFIELD -- This is Wednesday'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 Wednesday.

Lower outside markets pressured soybean values.

Wheat found support from an unfavorable weather forecast for the Great Plains.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mixed at 7.40-7.57.

Soybean bids were 3 to 4 cents lower at
14.08-14.28.

In Central Illinois country grain dealers quoted shelled corn bids were mostly steady at 7.54-7.69.

Soybean bids were 3 to 5 cents lower at
14.26-14.41.

In the Southern part of the state, shelled corn bids were mostly unchanged at 7.34-7.80.

Soybean bids were 3 to 5 cents lower at 14.41-14.61.

Wheat bids were 3 to 5 cents higher at 8.56-8.71.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

7.50 - 7.57 14.08 - 14.19  

WESTERN 

7.40 - 7.46 14.14 - 14.28  

N. CENT.

7.54 - 7.61 14.26 - 14.38  

S. CENTRAL

7.60 - 7.69 14.31 - 14.41  

WABASH 

7.63 - 7.76 14.45 - 14.51 8.61 - 8.63

W.S. WEST

7.34 - 7.50 14.41 - 14.45 8.70 - 8.71

L. EGYPT

7.72 - 7.80 14.51 - 14.61 8.56 - 8.66

Central Illinois average price

Corn: 7.61 1/2 (+ 1/2 Z)
Soybeans:
14.33 1/2 (-12 1/2 F)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

 7.48 - 7.63 14.12 - 14.23  

WESTERN 

7.43 - 7.55 14.18 - 14.27  

N. CENT.

7.52 - 7.63 14.31 - 14.41  

S. CENTRAL

7.56 - 7.74 14.35 - 14.44  

WABASH 

7.70 - 7.84 14.45 - 14.51 8.48 - 8.58

W.S. WEST

7.41 - 7.59 14.25 - 14.40

8.39 - 8.48

L. EGYPT

7.82 - 7.89

14.51 - 14.64

8.49 - 8.56

***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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