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Illinois grain prices in country elevators

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[October 25, 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 afternoon, with soybeans and wheat higher and corn slightly lower.

Export news supported both soybean and wheat values.

Export interest was good for soybeans, plus the USDA announced the sale of 105,000 tonnes of US soybeans to an unknown destination.

In Northern and Western Illinois country grain dealers quoted shelled corn bids steady to 2 cents lower at 7.31-7.49.

Soybean bids were 15 to 18 cents higher at 15.38-15.50.

In Central Illinois country grain dealers quoted shelled corn bids were 1 to 2 cents lower at 7.44-7.63.

Soybean bids were 15 to 18 cents higher at 15.53-15.64.

In the Southern part of the state, shelled corn bids were 1 to 2 cents lower at 7.27-7.66.

Soybean bids were 13 to 17 cents higher at 15.43-15.56.

Wheat bids were mostly 15 cents higher at 8.51-8.69.

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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

7.39 - 7.49 15.38 - 15.50  

WESTERN 

7.31 - 7.47 15.38 - 15.50  

N. CENT.

7.44 - 7.54 15.53 - 15.60  

S. CENTRAL

7.44 - 7.63 15.54 - 15.64  

WABASH 

7.58 - 7.66 15.46 - 15.56 8.51 - 8.59

W.S. WEST

7.27 - 7.41 15.43 - 15.55  8.64 - 8.69

L. EGYPT

7.55 - 7.65 15.45 - 15.56 8.52 - 8.64

Central Illinois average price

Corn: 7.53 1/2 (- 1 Z)
Soybeans:
15.58 1/2 (-12 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.49 - 7.67 15.49 - 15.56  

WESTERN 

7.40 - 7.53 15.53 - 15.68  

N. CENT.

 7.56 - 7.63 15.62 - 15.68  

S. CENTRAL

7.60 - 7.77  15.68 - 15.78  

WABASH 

7.70 - 7.83 15.63 - 15.72  8.29 - 8.38

W.S. WEST

 7.45 - 7.53 15.76 - 15.86

8.18 - 8.23

L. EGYPT

7.76 - 7.86

15.70 - 15.80

8.33 - 8.37

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

10/18/2012

10/11/2012

  Price--Basis Price--Basis

Corn

7.58 -3Z

7.69 -4Z

Soybeans

15.331/2 -12 X

15.35 -13 X

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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