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Illinois grain prices in country elevators

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[May 08, 2012]  SPRINGFIELD -- This is Monday'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 Monday afternoon. Technical selling at the Board of Trade pressured soybean values. Additional pressure was put on by weekly export inspections below trade expectations.

In Northern and Western Illinois country grain dealers quoted shelled corn bids steady to 3 cents higher at 6.33-6.45. Soybean bids traded 12 to 15 cents lower at 14.35-14.50.

In Central Illinois country grain dealers quoted shelled corn bids were 8 cents higher at 6.34-6.59. Soybean bids were 12 to 13 cents lower at 14.42-14.55.

In the Southern part of the state, shelled corn bids were steady to 4 cents higher at 6.45-6.62. Soybean bids were 8 to 13 cents lower at 14.52-14.68. Wheat bids were 1 to 5 cents higher at 5.87-6.09.

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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 6.33 - 6.45 14.35 - 14.41  
WESTERN  6.38 - 6.45 14.39 - 14.50  
N. CENT. 6.34 - 6.48 14.42 - 14.52  
S. CENTRAL 6.48 - 6.59 14.43 - 14.55  
WABASH  6.45 - 6.54 14.52 - 14.60 5.87 - 5.97
W.S. WEST 6.50 - 6.58 14.56 - 14.68 6.01 - 6.09
L. EGYPT 6.46 - 6.62 14.53 - 14.66 5.92 - 6.04

Central Illinois average price

Corn: 6.46 1/2 (+26 1/2N)
Soybeans:
14.48 1/2 (-17 1/2N)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN 4.82 - 4.96 13.09 - 13.19  
WESTERN  4.80 - 4.88 13.09 - 13.24  
N. CENT. 4.87 - 4.95 13.13 - 13.23  
S. CENTRAL 4.88 - 5.00 13.14 - 13.24  
WABASH  5.00 - 5.07 13.19 - 13.26 5.87 - 5.99
W.S. WEST 4.99 - 5.07 13.30 - 13.42

6.10 - 6.16

L. EGYPT

5.01 - 5.06

13.19 - 13.27

5.92 - 6.06

***June/July 2012 Delivery

 

Cent. Ill. Average Price at Country Elevators
Week of 5/4/2012   4/26/2012
  Price Basis Price Basis
Corn

6.36 1/2 22N

 6.22  -2K

Soybeans

14.58 1/2 -15N

14.63 1/2   -18K


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

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