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Illinois grain prices in country elevators

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[October 16, 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 lower on Monday afternoon, with soybeans and corn sharply lower.

Speculator and fund selling at the Board of Trade pushed soybean futures lower.

Weekly export inspection figures were very good for soybeans at 57.8 million bushels, with corn at 17.2 million bushels and wheat at only 7 million bushels.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 12 to 15 cents lower at 7.13-7.31.

Soybean bids were 30 to 31 cents lower at 14.60-14.72.

In Central Illinois country grain dealers quoted shelled corn bids were 15 cents lower at 7.26-7.41.

Soybean bids were 30 cents lower at
14.74-14.84.

In the Southern part of the state, shelled corn bids were 16 cents lower at 7.32-7.49.

Soybean bids were 29 to 32 cents lower at 14.68-14.94.

Wheat bids were mostly 5 to 9 cents lower at 8.11-8.33.

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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

7.21 - 7.31 14.60 - 14.72  

WESTERN 

7.13 - 7.23 14.61 - 14.66  

N. CENT.

7.26 - 7.34 14.76 - 14.84  

S. CENTRAL

7.26 - 7.41 14.74 - 14.84  

WABASH 

7.37 - 7.49 14.68 - 14.81 8.15 - 8.33

W.S. WEST

7.32 - 7.42 14.85 - 14.94 8.11 - 8.29

L. EGYPT

7.37 - 7.47 14.76 - 14.81 8.13 - 8.28

Central Illinois average price

Corn: 7.33 1/2 (- 4 Z)
Soybeans:
14.79 (-13 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.23 - 7.35 14.68 - 14.77  

WESTERN 

7.19 - 7.32 14.61 - 14.75  

N. CENT.

7.32 - 7.45 14.84 - 15.04  

S. CENTRAL

7.38 - 7.47 14.91 - 14.99  

WABASH 

7.52 - 7.64 14.77 - 14.92 7.90 - 8.03

W.S. WEST

7.46 - 7.56 14.95 - 15.01

7.77 - 8.10

L. EGYPT

7.57 - 7.65

14.90 - 15.00

7.98 - 8.01

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

10/11/2012

10/4/2012    
  Price--Basis Price--Basis

Corn

7.69 -4Z

7.55 - 2Z      

Soybeans

15.35 -13« X

15.39 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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