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 (Copy)
Illinois country grain prices were
sharply lower on Monday afternoon.
Futures prices were weakened by the cooler and wetter weather
forecast for most of the cornbelt.
Technical trading also helped to
drive prices
lower.
In the USDA's Weekly Crop Progress
report, the USDA placed 23% of the US corn crop in the good to
excellent range, unchanged from last week.
The condition of the US soybean
crop improved 1% from last week placing
30% in the good to excellent category.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 18 cents lower at 7.66-7.80.
Soybean bids traded 37 to 41 cents
lower at 16.20-16.43.
In Central Illinois country grain dealers quoted shelled corn
bids were 14 to 17 cents lower at 7.82-8.00.
Soybean bids were 38 to 41 cents
lower
at 16.36-16.51.
In the Southern part of the state, shelled corn bids were 16 to
18 cents lower at 7.64-8.13.
Soybean bids were 38 to 43 cents
lower at 16.26-16.54.
Wheat bids were 28 to 29 cents
lower at 8.27-8.56.
[to top of second column] |
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 |
7.66 - 7.75 |
16.30 - 16.43 |
|
|
WESTERN |
7.76 - 7.80 |
16.20 - 16.30 |
|
|
N. CENT. |
7.82 - 7.95 |
16.36 - 16.47 |
|
|
S. CENTRAL |
7.92 - 8.00 |
16.40 - 16.51 |
|
|
WABASH |
8.05 - 8.11 |
16.26 - 16.40 |
8.32 - 8.56 |
|
W.S. WEST |
7.64 - 7.97 |
16.35 - 16.54 |
8.30 - 8.40 |
|
L. EGYPT |
8.03 - 8.13 |
16.26 - 16.36 |
8.27 - 8.48 |
Central Illinois average price
Corn: 7.91 (+ 8 U)
Soybeans:
16.43 1/2 (+43 X)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.64 - 7.80 |
15.67 - 15.82 |
|
|
WESTERN |
7.59 - 7.70 |
15.74 - 15.83 |
|
|
N. CENT. |
7.70 - 7.84 |
15.75 - 15.87 |
|
|
S. CENTRAL |
7.88 - 8.04 |
15.86 - 15.96 |
|
|
WABASH |
7.92 - 8.05 |
15.76 - 15.90 |
7.94 - 8.06 |
|
W.S. WEST |
7.79 - 8.00 |
15.91 - 16.04 |
7.71
- 7.81 |
|
L. EGYPT |
7.99 - 8.12 |
15.91 - 15.99 |
8.03 - 8.11 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
8/9/2012 |
8/02/2012 |
| |
Price Basis |
Price Basis |
|
Corn |
8.24 1/2 + 6 1/2 U |
8.03 1/2 + 9 1/2 U |
|
Soybeans |
16.70 1/2 +39 X |
16.80 1/2 +62 1/2 X
|
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
