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Illinois grain prices in country elevators

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[October 26, 2012]  SPRINGFIELD -- This is Thursday's report of the grain prices and trends, repared by the USDA and the Illinois Department of Agriculture.

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Illinois country grain prices were lower on Thursday afternoon.

Weekly export sales figures weighed on corn and soybean values, with sales of 5.6 million bushels for corn and 19.2 million for soybeans.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 10 to 13 cents lower at 7.19-7.36.

Soybean bids were 6 to 12 cents lower at 15.27-15.44.

In Central Illinois country grain dealers quoted shelled corn bids were 9 to 13 cents lower at 7.31-7.49.

Soybean bids were 4 to 9 cents lower at 15.47-15.57.

In the Southern part of the state, shelled corn bids were 12 to 15 cents lower at 7.14-7.54.

Soybean bids were 6 to 11 cents lower at 15.33-15.54.

Wheat bids were 6 to 12 cents lower at 8.40-8.63.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

7.26 - 7.36 15.27 - 15.44  

WESTERN 

7.19 - 7.28 15.32 - 15.43  

N. CENT.

7.32 - 7.47 15.47 - 15.54  

S. CENTRAL

7.31 - 7.49 15.48 - 15.57  

WABASH 

 7.45 - 7.54 15.39 - 15.54 8.40 - 8.63

W.S. WEST

7.14 - 7.28 15.33 - 15.47 8.52 - 8.58

L. EGYPT

7.42 - 7.52 15.39 - 15.49 8.43 - 8.58

Central Illinois average price

Corn: 7.40 (- 2 Z)
Soybeans:
15.52 (-12 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.40 - 7.55 15.42 - 15.50  

WESTERN 

7.27 - 7.41 15.46 - 15.62  

N. CENT.

7.40 - 7.51 15.56 - 15.62  

S. CENTRAL

7.43 - 7.60 15.62 - 15.75  

WABASH 

7.64 - 7.78 15.55 - 15.66 8.29 - 8.37

W.S. WEST

7.33 - 7.41 15.70 - 15.80

8.17 - 8.22

L. EGYPT

7.64 - 7.72

15.64 - 15.74

8.32 - 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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