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Illinois country grain prices were
sharply lower on Monday.
The higher soybean production
forecast in Friday's USDA report continued to weigh on soybean
values.
Technical selling at the Board of
Trade also helped to push prices lower.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 18 to 24 cents lower at 6.96-7.12.
Soybean bids were mostly 40 to 47
cents lower at 13.77-13.98.
In Central Illinois country grain dealers quoted shelled corn
bids were 19 to 20 cents lower at 7.09-7.25.
Soybean bids were 46 cents lower
at 13.85-14.06.
In the Southern part of the state, shelled corn bids were 18 to
24 cents lower at 6.99-7.32.
Soybean bids were 40 to 46 cents
lower at 13.85-14.14.
Wheat bids were 26 cents lower at
8.28-8.58.
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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 |
7.01 - 7.12 |
13.77 - 13.87 |
|
|
WESTERN |
6.96 - 7.11 |
13.79 - 13.98 |
|
|
N. CENT. |
7.09 - 7.22 |
13.90 - 13.98 |
|
|
S. CENTRAL |
7.13 - 7.25 |
13.85 - 14.06 |
|
|
WABASH |
7.20 - 7.32 |
13.85 - 14.02 |
8.28 - 8.52 |
|
W.S. WEST |
6.99 - 7.07 |
14.02 - 14.14 |
8.40 - 8.53 |
|
L. EGYPT |
7.26 - 7.30 |
13.95 - 14.08 |
8.38 - 8.58 |
Central Illinois average price
Corn: 7.17 (- 1 Z)
Soybeans:
13.95 1/2 (- 9 1/2 F)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.22 - 7.36 |
13.79 - 13.85 |
|
|
WESTERN |
7.01 - 7.18 |
13.90 - 14.09 |
|
|
N. CENT. |
7.19 - 7.27 |
13.93 - 14.03 |
|
|
S. CENTRAL |
7.14 - 7.35 |
13.93 - 14.08 |
|
|
WABASH |
7.31 - 7.44 |
14.01 - 14.10 |
8.20 - 8.31 |
|
W.S. WEST |
7.07 - 7.14 |
14.07 - 14.14 |
8.04 - 8.11 |
|
L. EGYPT |
7.31 - 7.44 |
14.01 - 14.10 |
8.20
- 8.31 |
***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] |
