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 (Copy)
Illinois country grain prices were
lower on Wednesday afternoon. Speculative and fund selling at
the Board of Trade again pushed grain prices lower.
Traders were preparing for the
release of the updated Supply Demand information from the USDA
Thursday morning.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 17 to 18 cents lower at 6.21-6.29.
Soybean bids traded mostly 7 to 11
cents lower at 13.96-14.08.
In Central Illinois country grain dealers quoted shelled corn
bids were 16 cents lower at 6.26-6.46.
Soybean bids were 8 to 11 cents
lower at 14.07-14.16.
In the Southern part of the state, shelled corn bids were 19 to
20 cents lower at 6.31-6.53.
Soybean bids were 9 to 12 cents
lower at 14.14-14.31.
Wheat bids were 15 to 16 cents
lower at 5.75-5.98.
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Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Wednesday are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
| NORTHERN |
6.21 - 6.29 |
13.96 - 14.05 |
|
| WESTERN |
6.26 - 6.29 |
14.00 - 14.08 |
|
| N. CENT. |
6.26 - 6.37 |
14.08 - 14.16 |
|
| S. CENTRAL |
6.39 - 6.46 |
14.07 - 14.16 |
|
| WABASH |
6.35 - 6.43 |
14.14 - 14.25 |
5.75 - 5.85 |
| W.S. WEST |
6.31 - 6.40 |
14.17 - 14.29 |
5.86 - 5.98 |
| L. EGYPT |
6.39 - 6.53 |
14.20 - 14.31 |
5.80 - 5.92 |
Central Illinois average price
Corn: 6.36 (+29 N)
Soybeans: 14.11 1/2 (-19 N)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
4.74 - 4.87 |
12.89 - 12.98 |
|
| WESTERN |
4.72 - 4.80 |
12.89 - 13.03 |
|
| N. CENT. |
4.79 - 4.88 |
12.93 - 13.03 |
|
| S. CENTRAL |
4.79 - 4.95 |
12.93 - 13.04 |
|
| WABASH |
4.90 - 4.99 |
12.99 - 13.04 |
5.75 - 5.87 |
| W.S. WEST |
4.91 - 5.00 |
13.08 - 13.20 |
5.95 - 6.04 |
|
L. EGYPT |
4.93 - 4.98 |
12.98 - 13.04 |
5.85 - 5.94 |
***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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