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Illinois grain prices in country elevators

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[December 07, 2012]  SPRINGFIELD -- This is Thursday'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 Thursday, with soybeans and wheat higher and corn lower.

Slow demand for corn helped to push prices lower.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mixed at 7.28-7.50.

Soybean bids were 14 to 18 cents higher at
14.53-14.83.

In Central Illinois country grain dealers quoted shelled corn bids were 4 to 6 cents lower at 7.45-7.59.

Soybean bids were 12 to 18 cents higher
at 14.71-14.86.

In the Southern part of the state, shelled corn bids were 4 to 6 cents lower at 7.28-7.72.

Soybean bids were 12 to 17 cents higher at 14.88-15.09.

Wheat bids were 1 to 3 cents higher at 8.33-8.47.


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Commercial grain prices paid farmers by Interior Illinois Country Elevators after 2.00 p.m. Thursday are listed below in dollars per bushel:

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

7.38 - 7.50 14.54 - 14.59  

WESTERN 

7.28 - 7.40 14.53 - 14.77  

N. CENT.

7.45 - 7.51 14.71 - 14.83  

S. CENTRAL

7.50 - 7.59 14.81 - 14.86  

WABASH 

 7.51 - 7.72 14.96 - 15.03 8.33 - 8.47

W.S. WEST

7.28 - 7.44 14.88 - 14.94 8.36 - 8.39

L. EGYPT

7.67 - 7.72 14.96 - 15.09 8.37 - 8.42

Central Illinois average price

Corn: 7.52 (+ 1/2 H)
Soybeans:
14.77 1/2 (-13 1/2 F)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.96 - 6.12 12.82 - 12.95  

WESTERN 

5.95 - 6.09 12.75 - 12.87  

N. CENT.

6.02 - 6.14 12.93 - 13.05  

S. CENTRAL

6.08 - 6.23 12.93 - 13.08  

WABASH 

6.19 - 6.34 12.82 - 13.05 8.32 - 8.43

W.S. WEST

5.91 - 6.02 12.84 - 12.94

8.31 - 8.34

L. EGYPT

6.19 - 6.28

12.85 - 13.05

8.35 - 8.41

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

11/29/2012

11/15/2012 

  Price--Basis Price--Basis

Corn

7.55 + 3 1/2Z

 7.20 - 1Z 

Soybeans

14.34 1/2 -13 1/2F

13.90 1/2 -11F

Annual Comparison

 

October 2012

October 2011

  Price--Basis Price--Basis

Corn

7.48 - 2Z

6.23 - 9Z

Soybeans

15.27 -12X

11.87 -27X

[Text copied from USDA-IL Dept of Ag Market News, Springfield]

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