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Illinois grain prices in country elevators

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[October 09, 2012]  SPRINGFIELD -- This is Monday'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 Monday afternoon.

Non-commercial selling pushed corn and soybean values lower.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 6 cents lower at 7.16-7.32.

Soybean bids were steady to 6 cents lower at 15.12-15.31.

In Central Illinois country grain dealers quoted shelled corn bids were 10 cents
lower at 7.27-7.45.

Soybean bids were steady to 3 cents lower at 15.31-15.43.

In the Southern part of the state, shelled corn bids were 8 to 9 cents lower at 7.36-7.54.

Soybean bids were steady to 3 cents lower at 15.21-15.44.

Wheat bids were mostly 3 cents higher at 8.24-8.44.

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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

7.27 - 7.32 15.24 - 15.31  

WESTERN 

7.16 - 7.28 15.12 - 15.23  

N. CENT.

7.27 - 7.39 15.31 - 15.43  

S. CENTRAL

7.31 - 7.45 15.33 - 15.41  

WABASH 

7.45 - 7.54 15.21 - 15.31 8.28 - 8.44

W.S. WEST

7.36 - 7.46 15.34 - 15.44  8.24 - 8.36

L. EGYPT

7.42 - 7.49 15.26 - 15.34 8.36 - 8.43

Central Illinois average price

Corn:
Soybeans:

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.25 - 7.38 15.26 - 15.36  

WESTERN 

7.24 - 7.34 15.30 - 15.36  

N. CENT.

 7.39 - 7.50 15.39 - 15.50  

S. CENTRAL

7.48 - 7.59 15.40 - 15.55  

WABASH 

7.59 - 7.72 15.33 - 15.46  7.95 - 8.06

W.S. WEST

7.37 - 7.60 15.55 - 15.62

7.85 - 7.91

L. EGYPT

7.64 - 7.67

15.46 - 15.53

8.01 - 8.11

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

10/4/2012

9/27/2012     
  Price--Basis Price--Basis

Corn

7.55 - 2Z 

7.18 1/2 + 2Z    

Soybeans

15.39 1/2 -12X

15.58 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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