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Illinois grain prices in country elevators

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[November 06, 2012]  SPRINGFIELD -- This is Monday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

(Copy)

Illinois country grain prices were mixed on Monday afternoon with wheat slightly higher and corn and soybean futures lower.

In quiet trading, soybean futures fell due to technical and speculator selling at the Board of Trade.

Though soybean futures were lower, export inspection figures were very good at 59.4 million bushels.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mostly 4 to 6 cents lower at 7.13-7.30.

Soybean bids were 19 to 24 cents lower at 14.69-14.84.

In Central Illinois country grain dealers quoted shelled corn bids were 4 to 5 cents lower at 7.28-7.42.

Soybean bids were 20 to 24 cents lower
at 14.85-15.01.

In the Southern part of the state, shelled corn bids were mostly 4 to 6 cents lower at 7.19-7.55.

Soybean bids were 20 to 24 cents lower at
14.82-15.00.

Wheat bids were mostly 1 to 2 cents higher at 8.46-8.60.

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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

7.20 - 7.30 14.70 - 14.84  

WESTERN 

7.13 - 7.23 14.69 - 14.83  

N. CENT.

7.28 - 7.40 14.88 - 14.99  

S. CENTRAL

7.36 - 7.42 14.85 - 15.01  

WABASH 

7.44 - 7.55 14.82 - 14.94 8.51 - 8.56

W.S. WEST

7.19 - 7.29 14.85 - 15.00 8.51 - 8.60

L. EGYPT

7.44 - 7.48 14.98 - 15.00 8.46 - 8.51

Central Illinois average price

Corn: 7.35 (- 1/2 Z)
Soybeans:
14.93 (-10 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.28 - 7.42 14.70 - 14.87  

WESTERN 

7.21 - 7.28 14.83 - 14.93  

N. CENT.

7.30 - 7.43 14.93 - 14.99  

S. CENTRAL

7.35 - 7.53 15.02 - 15.13  

WABASH 

7.50 - 7.65 14.94 - 15.03 8.36 - 8.44

W.S. WEST

7.20 - 7.36 15.05 - 15.17

8.26 - 8.34

L. EGYPT

7.58 - 7.66

15.03 - 15.11

 8.36 - 8.42

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

11/1/2012 

10/25/2012
  Price--Basis Price--Basis

Corn

7.51 1/2 + 1/2 Z

 7.40 - 2Z 

Soybeans

15.53 -5 1/2 X

15.52 -12X

Annual Comparison

 

October 2012

October 2011

  Price--Basis Price--Basis

Corn

7.48 - 2Z

6.23 - 9Z

Soybeans

15.27 -12X

11.87 -27X

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

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