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Illinois grain prices in country elevators

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[October 10, 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 mixed on Tuesday afternoon.

Wheat futures gained strength from smaller world production forecasts.

Trading activity was slower as many traders await the next USDA crop report to be released on Thursday morning.

In Northern and Western Illinois country grain dealers quoted shelled corn bids steady to 3 cents higher at 7.19-7.32.

Soybean bids were mostly 1 to 4 cents higher at 15.17-15.34.

In Central Illinois country grain dealers quoted shelled corn bids were steady at 7.27-7.45.

Soybean bids were 1 cent lower at 15.30-15.42.

In the Southern part of the state, shelled corn bids were steady at 7.36-7.54.

Soybean bids were mixed at 15.30-15.43. Wheat bids were 3 cents higher at 8.27-8.47.

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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

7.26 - 7.32 15.23 - 15.30  

WESTERN 

7.19 - 7.31 15.17 - 15.34  

N. CENT.

7.27 - 7.39 15.30 - 15.42  

S. CENTRAL

7.31 - 7.45 15.32 - 15.40  

WABASH 

7.42 - 7.54 15.30 - 15.38 8.35 - 8.47

W.S. WEST

7.42 - 7.49 15.30 - 15.35 8.39 - 8.46

L. EGYPT

7.36 - 7.46 15.33 - 15.43 8.27 - 8.40

Central Illinois average price

Corn: 7.36 (- 6 Z)
Soybeans:
15.36 (-14 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.28 - 7.38  15.25 - 15.31  

WESTERN 

7.22 - 7.35 15.33 - 15.41  

N. CENT.

7.39 - 7.50 15.40 - 15.51  

S. CENTRAL

 7.48 - 7.58 15.41 - 15.56  

WABASH 

7.59 - 7.72 15.31 - 15.49 8.08 - 8.11

W.S. WEST

7.36 - 7.60 15.57 - 15.75

 7.87 - 7.93

L. EGYPT

7.64 - 7.67

15.47 - 15.49

8.03 - 8.13

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

10/4/2012

9/27/2012     
  Price--Basis Price--Basis

Corn

7.55 - 2Z 

7.18 1/2 + 2Z    

Soybeans

15.39 1/2 -12X

15.58 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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