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Illinois country grain prices were
mixed on Tuesday afternoon.
Export interest and higher than
expected weekly export inspection figures helped to boost
soybean futures.
Corn futures were supported by the
sale of 180,000 tonnes of US corn to Japan.
In the Weekly Crop Progress
report, the USDA indicated that the Illinois corn harvest was
12% complete, compared to 2% one year ago.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 1 to 5 cents lower at 7.84-8.04.
Soybean bids were 12 to 16 cents
higher at 17.42-17.54.
In Central Illinois country grain dealers quoted shelled corn
bids were 6 to 7 cents higher at 8.05-8.25.
Soybean bids were mixed at
17.63-17.80.
In the Southern part of the state, shelled corn bids were mixed
at 8.10-8.40.
Soybean bids were mixed at
17.44-17.67.
Wheat bids were 6 to 8 cents
higher at
8.56-8.73.
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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 |
7.84 - 8.04 |
17.42 - 17.53 |
|
|
WESTERN |
7.79 - 8.02 |
17.43 - 17.54 |
|
|
N. CENT. |
8.05 - 8.13 |
17.63 - 17.80 |
|
|
S. CENTRAL |
8.16 - 8.25 |
17.71 - 17.80 |
|
|
WABASH |
8.20 - 8.30 |
17.52 - 17.63 |
8.56 - 8.60 |
|
W.S. WEST |
8.10 - 8.20 |
17.44 - 17.67 |
8.64 - 8.73 |
|
L. EGYPT |
8.32 - 8.40 |
17.53 - 17.63 |
8.59 - 8.69 |
Central Illinois average price
Corn:
8.05-8.25
Soybeans:
17.63-17.80
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.84 - 8.04 |
17.42 - 17.53 |
|
|
WESTERN |
7.85 - 7.96 |
17.54 - 17.59 |
|
|
N. CENT. |
7.95 - 8.08 |
17.56 - 17.69 |
|
|
S. CENTRAL |
8.07 - 8.27 |
17.69 - 17.84 |
|
|
WABASH |
8.18 - 8.34 |
17.55 - 17.76 |
8.23 - 8.30 |
|
W.S. WEST |
7.97 - 8.02 |
17.70 - 17.85 |
8.03 - 8.12 |
|
L. EGYPT |
8.31 - 8.37 |
17.68 - 17.81 |
8.23 - 8.32 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
8/30/2012 |
8/23/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
8.18 + 6 1/2 U |
8.27 +18 U |
|
Soybeans |
17.85 1/2 +22 1/2 X |
17.53 1/2 +38 1/2 X |
Annual Comparison
|
|
July 2012 |
July 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.85 +25 1/2 U |
6.96 +28 U |
|
Soybeans |
16.60 +23 X |
13.65 + 3 1/2 X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
