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 (Copy)
Illinois country grain prices were
mixed on Thursday afternoon, with soybeans and wheat higher and
corn lower.
Traders reacted to the updated
Supply Demand figures from the USDA and weekly export sales
numbers.
The USDA lowered the 2011-2012
soybean carryout to 210 million bushels, while the Supply Demand
report increased the carryout for corn to 851 million bushels.
Weekly export sales figures for
soybeans were over trade expectations at 1.82 million tonnes.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 14 to 24 cents lower at 5.97-6.10.
Soybean bids traded 18 to 25 cents
higher at 14.14-14.33.
In Central Illinois country grain dealers quoted shelled corn
bids were 20 cents lower at 6.06-6.26.
Soybean bids were 24 to 27 cents
higher at 14.31-14.43.
In the Southern part of the state, shelled corn bids were 19 to
20 cents lower at 6.11-6.34.
Soybean bids were 25 to 27 cents
higher at 14.39-14.58.
Wheat bids were steady to 1 cent
higher at 5.76-5.98.
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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 |
5.97 - 6.09 |
14.14 - 14.25 |
|
| WESTERN |
6.02 - 6.10 |
14.25 - 14.33 |
|
| N. CENT. |
6.06 - 6.17 |
14.31 - 14.41 |
|
| S. CENTRAL |
6.19 - 6.26 |
14.32 - 14.43 |
|
| WABASH |
6.17 - 6.24 |
14.39 - 14.50 |
5.76 - 5.86 |
| W.S. WEST |
6.11 - 6.18 |
14.39 - 14.50 |
5.94 - 5.98 |
| L. EGYPT |
6.20 - 6.34 |
14.45 - 14.58 |
5.84 - 5.93 |
Central Illinois average price
Corn: 6.16 (+28 1/2N)
Soybeans: 14.37 (-18 N)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
4.64 - 4.79 |
13.14 - 13.24 |
|
| WESTERN |
4.63 - 4.71 |
13.14 - 13.24 |
|
| N. CENT. |
4.70 - 4.78 |
13.18 - 13.34 |
|
| S. CENTRAL |
4.70 - 4.85 |
13.18 - 13.29 |
|
| WABASH |
4.77 - 4.89 |
13.24 - 13.31 |
5.76 - 5.88 |
| W.S. WEST |
4.83 - 4.89 |
13.37 - 13.47 |
5.99 - 6.03 |
|
L. EGYPT |
4.83 - 4.88 |
13.24 - 13.29 |
5.86 - 5.93 |
***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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