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 (Copy)
Illinois country grain prices were
mixed on Tuesday afternoon, with corn and wheat sharply lower
and soybeans slightly higher.
Technical selling at the Board of
Trade and a wet weather forecast for the end of the week pushed
corn futures lower.
In the Weekly Crop Progress
report, the USDA placed 66% of the Illinois corn crop in good to
excellent condition, with 28% fair and 6% rated very poor to
poor.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 6 to 10 cents lower at 5.79-5.90.
Soybean bids traded 5 to 7 cents
higher at 13.61-13.73.
In Central Illinois country grain dealers quoted shelled corn
bids were 16 cents lower at 5.81-5.95.
Soybean bids were 5 to 7 cents
higher at 13.68-13.84.
In the Southern part of the state, shelled corn bids were 16 to
17 cents lower at 5.79-6.10.
Soybean bids were 2 to 3 cents
higher at 13.72-13.87.
Wheat bids were 13 to 15 cents
lower at 6.30-6.52.
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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 |
5.79 - 5.90 |
13.61 - 13.65 |
|
| WESTERN |
5.79 - 5.86 |
13.61 - 13.73 |
|
| N. CENT. |
5.81 - 5.86 |
13.68 - 13.75 |
|
| S. CENTRAL |
5.88 - 5.95 |
13.72 - 13.84 |
|
| WABASH |
5.97 - 6.04 |
13.72 - 13.76 |
6.30 - 6.41 |
| W.S. WEST |
5.79 - 5.95 |
13.77 - 13.80 |
6.40 - 6.52 |
| L. EGYPT |
5.98 - 6.10 |
13.76 - 13.87 |
6.31 - 6.39 |
Central Illinois average price
Corn: 5.88 (+25 1/2N)
Soybeans: 13.76 (-11 N)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
4.74 - 4.79 |
12.51 - 12.59 |
|
| WESTERN |
4.76 - 4.82 |
12.49 - 12.61 |
|
| N. CENT. |
4.80 - 4.89 |
12.56 - 12.68 |
|
| S. CENTRAL |
4.80 - 4.92 |
12.54 - 12.68 |
|
| WABASH |
4.93 - 5.01 |
12.62 - 12.68 |
6.32 - 6.43 |
| W.S. WEST |
4.92 - 5.00 |
12.74 - 12.80 |
6.45 - 6.52 |
|
L. EGYPT |
4.95 - 4.98 |
12.61 - 12.69 |
6.27 - 6.39 |
***June/July 2012 Delivery
Cent. Ill. Average Price at Country
Elevators
| Week of |
5/24/2012 |
5/17/2012 |
| |
Price Basis |
Price Basis |
| Corn |
6.05 1/2 +27 N |
6.54 1/2 +29 1/2 N |
| Soybeans |
13.64 1/2 -11 1/2 N |
14.21 1/2 -16 1/2 N |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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