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Illinois grain prices in country elevators

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[October 03, 2012]  SPRINGFIELD -- This is Tuesday'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 Tuesday afternoon, with corn slightly higher and wheat and soybeans lower.

Technical and fund selling at the Board of Trade weighed on wheat and soybean values.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mixed at 7.25-7.42.

Soybean bids were 25 to 33 cents lower at 14.87-15.11.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 7.48-7.68.

Soybean bids were 28 to 32 cents lower at 15.10-15.26.

In the Southern part of the state, shelled corn bids were mixed at 7.40-7.73.  

Soybean bids were mostly 28 to 33 cents lower at 15.00-15.27.

Wheat bids were down 10 to 16 cents at 8.37-8.60.

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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

 7.39 - 7.42 14.87 - 15.11  

WESTERN 

7.25 - 7.32 14.93 - 15.05  

N. CENT.

7.48 - 7.63 15.10 - 15.25  

S. CENTRAL

7.54 - 7.68 15.11 - 15.26  

WABASH 

7.63 - 7.73 15.00 - 15.10 8.39 - 8.52

W.S. WEST

7.40 - 7.71 15.13 - 15.27 8.47 - 8.60

L. EGYPT

7.58 - 7.70 15.06 - 15.13 8.37 - 8.54

Central Illinois average price

Corn: 7.58 (Opt Z)
Soybeans:
15.18 (-12 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.42 - 7.54 15.13 - 15.19  

WESTERN 

7.38 - 7.51 15.13 - 15.19  

N. CENT.

7.54 - 7.68 15.25 - 15.30  

S. CENTRAL

7.63 - 7.77 15.30 - 15.40  

WABASH 

7.77 - 7.87 15.18 - 15.31 8.14 - 8.17

W.S. WEST

7.46 - 7.56 15.39 - 15.48

7.99 - 8.23

L. EGYPT

7.82 - 7.85

15.29 - 15.33

8.09 - 8.19

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

 9/20/2012   9/13/2012
  Price--Basis Price--Basis

Corn

7.52 + 6Z

7.81 +7Z

Soybeans

 16.07 - 12X

17.54 1/2 +7X

Annual Comparison

 

August 2012 

August 2011
  Price--Basis Price--Basis

Corn

8.15 +12 U

7.30 +16 U

Soybeans

17.09 +44 X

13.59 -11 X

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

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