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Illinois grain prices in country elevators

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[August 22, 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 sharply higher on Tuesday afternoon, especially soybeans.

Soybean futures were driven higher due to sharply higher soybean product values and good export demand.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 13 to 18 cents higher at 8.21-8.38.

Soybean bids were 46 to 47 cents higher at 17.57-17.71.

In Central Illinois country grain dealers quoted shelled corn bids were 18 to 21 cents higher at 8.36-8.62.

Soybean bids were 46 cents higher at 17.70-17.93.

In the Southern part of the state, shelled corn bids were 14 to 15 cents higher at 8.46-8.68.

Soybean bids were up 49 cents at 17.58-17.84.

Wheat bids were 21 cents higher at 8.64-8.92.

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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

8.21 - 8.28 17.57 - 17.67  

WESTERN 

8.22 - 8.38 17.60 - 17.71  

N. CENT.

 8.36 - 8.46 17.70 - 17.79  

S. CENTRAL

8.50 - 8.62 17.82 - 17.93  

WABASH 

8.55 - 8.63  17.58 - 17.72 8.75 - 8.82

W.S. WEST

8.46 - 8.48 17.76 - 17.84 8.64 - 8.81

L. EGYPT

8.57 - 8.68  17.68 - 17.78 8.80 - 8.92

Central Illinois average price

Corn: 8.49 (+18 U)
Soybeans:
17.81 1/2 (+49 X)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

8.15 - 8.34 16.98 - 17.15  

WESTERN 

8.03 - 8.16 17.09 - 17.20  

N. CENT.

 8.25 - 8.31 17.08 - 17.20  

S. CENTRAL

8.44 - 8.51 17.17 - 17.28  

WABASH 

8.39 - 8.51 17.08 - 17.27 8.19 - 8.29

W.S. WEST

8.20 - 8.22 17.26 - 17.38

8.01 - 8.11

L. EGYPT

8.59 - 8.64

17.28 - 17.33

 8.19 - 8.31

***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]

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