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Illinois country grain prices were
higher on Monday afternoon, with soybean futures sharply higher.
A dry forecast for the South
American soybean crop gave strength to soybean futures.
Also helping to boost soybean
futures was another announced sale of 120,000 tonnes of US
soybeans to China for the 2012/2013 crop
year.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were mostly 12 to 16 cents higher at
7.04-7.16.
Soybean bids were 45 to 49 cents
higher at 14.13-14.34.
In Central Illinois country grain dealers quoted shelled corn
bids were 13 to 18 cents higher at 7.14-7.35.
Soybean bids were 41 to 47 higher
at 14.23-14.35.
In the Southern part of the state, shelled corn bids were 15 to
20 cents stronger at 7.07-7.47.
Soybean bids were 43 to 45 cents
higher at 14.35-14.63.
Wheat bids were up 11 to 12 cents
higher at 7.55-7.72.
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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 |
7.04 - 7.16 |
14.16 - 14.27 |
|
|
WESTERN |
7.06 - 7.15 |
14.13 - 14.34 |
|
|
N. CENT. |
7.14 - 7.30 |
14.23 - 14.33 |
|
|
S. CENTRAL |
7.21 - 7.35 |
14.24 - 14.35 |
|
|
WABASH |
7.30 - 7.39 |
14.35 - 14.50 |
7.62 - 7.72 |
|
W.S. WEST |
7.07 - 7.30 |
14.53 - 14.63 |
7.55 - 7.72 |
|
L. EGYPT |
7.36 - 7.47 |
14.50 - 14.55 |
7.62 - 7.67 |
Central Illinois average price
Corn: 7.24 1/2 (+ 1/2 H)
Soybeans:
14.29 (+ 11 H)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.42 - 5.56 |
12.41 - 12.51 |
|
|
WESTERN |
5.37 - 5.49 |
12.36 - 12.46 |
|
|
N. CENT. |
5.46 - 5.59 |
12.46 - 12.56 |
|
|
S. CENTRAL |
5.47 - 5.64 |
12.51 - 12.61 |
|
|
WABASH |
5.49 - 5.64 |
12.51 - 12.56 |
7.45 - 7.47 |
|
W.S. WEST |
5.43 - 5.54 |
12.44 - 12.57 |
7.40 - 7.47 |
|
L. EGYPT |
5.59 - 5.68 |
12.46 - 12.56 |
7.35 - 7.45 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
1/10/2013 |
1/3/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.99
option H |
6.901/2 +1H |
|
Soybeans |
13.93 +13H |
13.921/2 +6H |
Annual Comparison
|
|
December 2012 |
January 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.23 option H |
6.25 -6H |
|
Soybeans |
14.50 -8F |
11.82 -221/2 H |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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