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Illinois country grain prices were
mixed on Tuesday afternoon, with corn and wheat higher and
soybeans lower.
Corn futures drew strength from
the lower than expected crop condition ratings in the USDA's
Weekly Crop Progress report.
Traders also began to even
positions ahead of the USDA's reports on Friday.
In the cash markets, trading was
moderate. There was weakness noted in the cash corn basis at
many river terminals.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 7 to 15 cents higher at 6.58-6.73.
Soybean bids traded 11 to 12 cents
lower at 14.55-14.66.
In Central Illinois country grain dealers quoted shelled corn
bids were 11 to 14 cents higher at 6.57-6.76.
Soybean bids were mostly 8 to 12
cents
lower at 14.59-14.75.
Wheat bids were 3 to 6 cents
higher at 6.95-7.10.
In the Southern part of the state, shelled corn bids were 11 to
15 cents higher at 6.61-6.95.
Soybean bids were 11 to 13 cents
lower at 14.64-14.79.
Wheat bids were mostly 4 to 8
cents higher at 7.05-7.55.
[to top of second column] |
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 |
6.58 - 6.73 |
14.55 - 14.58 |
|
|
WESTERN |
6.61 - 6.65 |
14.57 - 14.66 |
|
|
N. CENT. |
6.61 - 6.76 |
14.59 - 14.70 |
|
|
S. CENTRAL |
6.57 - 6.70 |
14.65 - 14.75 |
6.95 - 7.10 |
|
WABASH |
6.83 - 6.91 |
14.64 - 14.71 |
7.24 - 7.29 |
|
W.S. WEST |
6.61 - 6.76 |
14.66 - 14.77 |
7.05 - 7.19 |
|
L. EGYPT |
6.90 - 6.95 |
14.67 - 14.79 |
7.45 - 7.55 |
Central Illinois average price
Corn: 6.66 1/2 (+20 1/2N)
Soybeans:
14.67 (- 3 1/2N)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.84 - 5.86 |
13.72 - 13.81 |
|
|
WESTERN |
5.87 - 5.92 |
13.75 - 13.86 |
|
|
N. CENT. |
5.87 - 5.97 |
13.72 - 13.88 |
|
|
S. CENTRAL |
5.88 - 6.02 |
13.82 - 13.92 |
--- |
|
WABASH |
5.99 - 6.04 |
13.85 - 14.03 |
--- |
|
W.S. WEST |
5.97 - 6.08 |
13.92 - 14.05 |
--- |
|
L. EGYPT |
6.03 - 6.17 |
13.87 - 13.96 |
--- |
Cent. Ill. Average Price at Country
Elevators
|
Week of |
6/21/2012 |
6/14/2012 |
| |
Price Basis |
Price Basis |
|
Corn |
6.09 +22 1/2 N |
6.401/2 +39 N |
|
Soybeans |
14.32 - 6 1/2 N |
13.791/2 -81/2 N |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
