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Illinois country grain prices were
lower on Tuesday afternoon.
In a quiet trading session, grain
futures ended lower.
Many traders and funds continue to
take profits before the USDA's report to be released on Friday.
Chances for rainfall and cooler
temperatures for the cornbelt weighed on soybean futures.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 7 to 10 cents lower at 7.76-8.00.
Soybean bids traded mostly 6 to 18
cents lower at 15.72-15.91.
In Central Illinois country grain dealers quoted shelled corn
bids were 5 to 7 cents lower at 7.95-8.10.
Soybean bids were 27 to 33 cents
lower
at 15.92-16.13.
In the Southern part of the state, shelled corn bids were 12 to
13 cents lower at 7.84-8.25.
Soybean bids were 26 to 34 cents
lower at
15.81-16.01.
Wheat bids were mostly 2 to 4
cents lower at 8.62-8.89.
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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 |
7.76 - 7.88 |
15.72 - 15.80 |
|
|
WESTERN |
7.91 - 8.00 |
15.82 - 15.91 |
|
|
N. CENT. |
7.95 - 8.06 |
15.96 - 16.13 |
|
|
S. CENTRAL |
8.02 - 8.10 |
15.92 - 16.06 |
|
|
WABASH |
8.09 - 8.24 |
15.91 - 16.01 |
8.64 - 8.71 |
|
W.S. WEST |
7.84 - 8.05 |
15.81 - 15.95 |
8.62 - 8.72 |
|
L. EGYPT |
8.14 - 8.25 |
15.91 - 16.01 |
8.80 - 8.89 |
Central Illinois average price
Corn:
Soybeans:
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.71 - 7.89 |
15.28 - 15.34 |
|
|
WESTERN |
7.67 - 7.79 |
15.33 - 15.44 |
|
|
N. CENT. |
7.80 - 7.88 |
15.40 - 15.56 |
|
|
S. CENTRAL |
7.95 - 8.13 |
15.50 - 15.56 |
|
|
WABASH |
8.01 - 8.21 |
15.45 - 15.55 |
8.02 - 8.15 |
|
W.S. WEST |
7.82 - 8.03 |
15.37 - 15.64 |
7.80 - 7.82 |
|
L. EGYPT |
8.07 - 8.15 |
15.56 - 15.71 |
8.12 - 8.20 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
8/02/2012 |
7/26/2012 |
| |
Price Basis |
Price Basis |
|
Corn |
8.03 1/2 + 9 1/2 U |
7.95 1/2 +14 U |
|
Soybeans |
16.80 1/2 +62 1/2 X
|
16.80 1/2 +25 Q |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
