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Illinois grain prices in country elevators

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[November 14, 2012]  SPRINGFIELD -- This is Tuesday'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 mixed on Tuesday, with corn and soybeans higher and wheat lower.

Corn and soybean prices rose helped by technical buying at the Board of Trade.

Slow export interest weighed on wheat values.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 4 to 7 cents higher at 7.02-7.18.

Soybean bids were 2 to 6 cents higher at 13.83-14.00.

In Central Illinois country grain dealers quoted shelled corn bids were 4 to 6 cents higher at 7.14-7.30.

Soybean bids were 3 to 6 cents higher at 13.91-14.00.

In the Southern part of the state, shelled corn bids were mostly 4 to 7 cents higher at 7.04-7.37.

Soybean bids were 3 to 7 cents higher at 13.88-14.18.

Wheat bids were mostly 6 to 7 cents lower at 8.31-8.46.

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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

7.07 - 7.18 13.83 - 13.91  

WESTERN 

7.02 - 7.16 13.87 - 14.00  

N. CENT.

 7.14 - 7.26 13.93 - 14.00  

S. CENTRAL

7.19 - 7.30  13.91 - 13.98  

WABASH 

7.26 - 7.37 13.88 - 14.05 8.40 - 8.46

W.S. WEST

7.04 - 7.14 14.07 - 14.17 8.45 - 8.46

L. EGYPT

7.32 - 7.37 13.98 - 14.18  8.31 - 8.51

Central Illinois average price

Corn: 7.22 (- 1 1/2 Z)
Soybeans:
13.95 1/2 (-12 1/2 F)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.16 - 7.29 13.83 - 13.93  

WESTERN 

7.11 - 7.23 13.93 - 14.10  

N. CENT.

7.21 - 7.31 13.96 - 14.05  

S. CENTRAL

7.28 - 7.40 13.97 - 14.09  

WABASH 

7.35 - 7.48 14.04 - 14.13 8.15 - 8.26

W.S. WEST

7.10 - 7.17 14.12 - 14.18

8.00 - 8.06

L. EGYPT

7.42 - 7.48

14.08 - 14.13

8.18 - 8.24

***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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