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 (Copy)
Illinois country grain prices were
lower on Tuesday afternoon, with wheat and corn sharply lower.
Corn futures weakened as the USDA left the US corn carryout
figure at 801 million bushels, which was higher than expected by
traders. In the cash markets, trading activity was very slow.
The cash corn basis at many river terminals increased 1 to
3 cents at many locations.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 12 to 14 cents lower at 6.15-6.27. Soybean
bids traded 3 to 4 cents lower at 13.98-14.16.
In Central Illinois country grain dealers quoted shelled corn
bids were 14 to 16 cents lower at 6.28-6.45. Soybean bids were 4
to 5 cents lower at 14.03-14.15.
In the Southern part of the state, shelled corn bids were mostly
12 to 14 cents lower at 6.37-6.59. Soybean bids were 4 to 7
cents lower at 14.10-14.28. Wheat bids were 15 to 17 cents lower
at 6.05-6.26.
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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 |
6.15 - 6.23 |
13.98 - 14.05 |
|
| WESTERN |
6.21 - 6.27 |
14.02 - 14.16 |
|
| N. CENT. |
6.28 - 6.34 |
14.03 - 14.12 |
|
| S. CENTRAL |
6.36 - 6.45 |
14.09 - 14.15 |
|
| WABASH |
6.42 - 6.52 |
14.10 - 14.16 |
6.05 - 6.16 |
| W.S. WEST |
6.37 - 6.40 |
14.13 - 14.28 |
6.16 - 6.24 |
| L. EGYPT |
6.49 - 6.59 |
14.16 - 14.26 |
6.15 - 6.26 |
Central Illinois average price
Corn: 6.36 1/2 (+ 2 K)
Soybeans: 14.09 (-17 K)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
5.01 - 5.13 |
13.14 - 13.28 |
|
| WESTERN |
4.99 - 5.08 |
13.16 - 13.30 |
|
| N. CENT. |
5.05 - 5.15 |
13.25 - 13.35 |
|
| S. CENTRAL |
5.08 - 5.18 |
13.20 - 13.35 |
|
| WABASH |
5.14 - 5.24 |
13.30 - 13.35 |
6.05 - 6.10 |
| W.S. WEST |
5.15 - 5.19 |
13.26 - 13.38 |
6.15
- 6.26 |
|
L. EGYPT |
5.24 - 5.25 |
13.30 - 13.35 |
6.02
- 6.17 |
***June/July 2012 Delivery
Cent. Ill. Average Price at Country
Elevators
| Week of |
3/29/2012 |
3/22/2012 |
| |
Price Basis |
Price Basis |
| Corn |
6.011/2 -21/2 K |
6.65 - 4 K |
| Soybeans |
13.351/2 -20K |
13.51 1/2 -17 1/2 K
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[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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