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Illinois grain prices in country elevators

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[November 01, 2012]  SPRINGFIELD -- This is Wednesday'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 higher on Wednesday afternoon.

Technical buying at the Board of Trade and South American crop concerns helped to move future's prices higher.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 12 to 14 cents higher at 7.33-7.50.

Soybean bids were 14 to 17 cents higher at 15.17-15.28.

In Central Illinois country grain dealers quoted shelled corn bids were 12 to 15 cents higher at 7.45-7.63.

Soybean bids were 11 to 14 cents higher at 15.29-15.42.

In the Southern part of the state, shelled corn bids were 14 to 16 cents higher at 7.23-7.66.

Soybean bids were 15 to 18 cents higher at 15.22-15.43.

Wheat bids were mostly 8 cents higher at 8.28-8.50.

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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

7.40 - 7.50 15.17 - 15.28  

WESTERN 

7.33 - 7.47 15.17 - 15.22  

N. CENT.

7.50 - 7.60 15.32 - 15.42  

S. CENTRAL

 7.45 - 7.63 15.29 - 15.40  

WABASH 

7.53 - 7.66 15.22 - 15.37 8.32 - 8.48

W.S. WEST

7.23 - 7.44 15.26 - 15.43 8.28 - 8.50

L. EGYPT

7.56 - 7.66 15.22 - 15.37 8.39 - 8.50

Central Illinois average price

Corn: 7.54 (- 2 Z)
Soybeans:
15.35 1/2 (-11 1/2X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.53 - 7.61 15.20 - 15.30  

WESTERN 

7.38 - 7.52 15.18 - 15.31  

N. CENT.

 7.49 - 7.62 15.39 - 15.44  

S. CENTRAL

7.56 - 7.73 15.40 - 15.57  

WABASH 

7.69 - 7.77  15.33 - 15.49 8.33 - 8.44

W.S. WEST

7.44 - 7.55 15.48 - 15.65

 8.17 - 8.25

L. EGYPT

7.77 - 7.85

15.44 - 15.57

8.39 - 8.43

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

10/18/2012

10/11/2012

  Price--Basis Price--Basis

Corn

 7.40 -2Z 

7.58 - 4Z

Soybeans

15.52 -12 X

15.33 1/2 -12X

Annual Comparison

 

Sept 2012

Sept 2011

  Price--Basis Price--Basis

Corn

7.83 +6Z

 6.77 -17Z

Soybeans

16.95 -5X

13.12 -13X

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

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