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Illinois country grain prices were
higher on Monday afternoon, with soybeans and corn sharply
higher.
Both corn and soybean futures were
supported by fund and technical buying at the Board of Trade.
Corn also received a boost from
the sale of 121,000 tonnes of US corn to Mexico.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 13 to 16 cents higher at 8.03-8.25.
Soybean bids were 38 to 41 cents
higher at 17.10-17.25.
In Central Illinois country grain dealers quoted shelled corn
bids were 16 to 17 cents higher at 8.15-8.44.
Soybean bids were 36 to 38 cents
higher at 17.24-17.47.
In the Southern part of the state, shelled corn bids were 8 to
17 cents higher at 8.22-8.53.
Soybean bids were up 24 to 38
cents at 17.09-17.35.
Wheat bids were mixed at 8.43-8.71.
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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 |
8.03 - 8.25 |
17.12 - 17.18 |
|
|
WESTERN |
8.10 - 8.22 |
17.10 - 17.25 |
|
|
N. CENT. |
8.15 - 8.31 |
17.24 - 17.30 |
|
|
S. CENTRAL |
8.35 - 8.44 |
17.36 - 17.47 |
|
|
WABASH |
8.39 - 8.47 |
17.09 - 17.24 |
8.53 - 8.62 |
|
W.S. WEST |
8.22 - 8.32 |
17.31 - 17.35 |
8.43 - 8.60 |
|
L. EGYPT |
8.41 - 8.53 |
17.19 - 17.29 |
8.59 - 8.71 |
Central Illinois average price
Corn: 8.29 1/2 (+14 U)
Soybeans:
17.35 1/2 (+52 X)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.99 - 8.19 |
16.50 - 16.66 |
|
|
WESTERN |
7.89 - 8.02 |
16.58 - 16.68 |
|
|
N. CENT. |
8.08 - 8.21 |
16.57 - 16.69 |
|
|
S. CENTRAL |
8.20 - 8.35 |
16.68 - 16.79 |
|
|
WABASH |
8.24 - 8.36 |
16.57 - 16.63 |
8.12 - 8.22 |
|
W.S. WEST |
8.05 - 8.07 |
16.75 - 16.87 |
7.94 - 8.04 |
|
L. EGYPT |
8.44 - 8.49 |
16.79 - 16.85 |
8.12 - 8.24 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
8/16/2012 |
8/9/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
8.11 1/2 +14 1/2 U |
8.24 1/2 + 6 1/2 U |
|
Soybeans |
16.77 1/2 +52 X
|
16.70 1/2 +39X
|
Annual Comparison
|
|
July 2012 |
July 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.85 +25 1/2 U |
6.96 +28 U |
|
Soybeans |
16.60 +23 X |
13.65 + 3 1/2 X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
