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Illinois grain prices in country elevators

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[August 15, 2012]  SPRINGFIELD -- This is Tuesday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

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Illinois country grain prices were mixed on Tuesday afternoon.

Wheat futures were pressured by technical trading at the Board of Trade and missed export opportunities.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mixed at 7.64-7.87.

Soybean bids mixed at 16.23-16.36.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 7.79-8.04.

Soybean bids were 3 to 6 cents higher at 16.39-16.58.

In the Southern part of the state, shelled corn bids were mixed at 7.87-8.12.

Soybean bids were down 3 to 6 cents at 16.23-16.48.

Wheat bids were 16 to 19 cents lower at 8.09-8.38.

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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

7.64 - 7.77 16.23 - 16.30  

WESTERN 

7.74 - 7.87 16.25 - 16.36  

N. CENT.

7.79 - 7.94 16.39 - 16.50  

S. CENTRAL

7.93 - 8.04 16.40 - 16.58  

WABASH 

7.94 - 8.08 16.23 - 16.38 8.14 - 8.38

W.S. WEST

7.87 - 7.97 16.40 - 16.48 8.09 - 8.33

L. EGYPT

 7.96 - 8.12 16.38 - 16.48 8.10 - 8.35

Central Illinois average price

Corn: 7.91 1/2 (+12 U)
Soybeans:
16.48 1/2 (+50 1/2 X)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.56 - 7.73 15.62 - 15.79  

WESTERN 

7.54 - 7.67 15.72 - 15.81  

N. CENT.

7.67 - 7.82 15.72 - 15.84  

S. CENTRAL

7.86 - 8.00 15.83 - 15.98  

WABASH 

7.89 - 8.09 15.73 - 15.88 7.85 - 7.92

W.S. WEST

7.70 - 7.71 15.87 - 16.00

7.57 - 7.67

L. EGYPT

7.99 - 8.09

15.95 - 16.03

7.85 - 7.97

***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]

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