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Illinois country grain prices were
sharply higher on Thursday afternoon. Stronger corn futures
helped to pull soybeans and wheat higher.
A lower than expected corn
carryout figure fueled today's rally in the futures market.
While the US corn production was
estimated to be 10.70 billion bushels in the USDA's report, the
carryout figure was lowered to just 619 million bushels.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 37 cents higher at 7.50-7.63.
Soybean bids were 26 to 27 cents
higher at 15.17-15.29.
In Central Illinois country grain dealers quoted shelled corn
bids were mostly 35 to 37 cents higher at 7.62-7.76.
Soybean bids were 25 to 27 cents
higher at 15.30-15.40.
In the Southern part of the state, shelled corn bids were 35 to
36 cents higher at 7.69-7.85.
Soybean bids were 20 to 28 cents
higher at 15.23-15.49.
Wheat bids were mostly 15 to 16
cents higher at 8.50-8.66.
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Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Thursday
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
7.56 - 7.63 |
15.20 - 15.29 |
|
|
WESTERN |
7.50 - 7.62 |
15.17 - 15.22 |
|
|
N. CENT. |
7.62 - 7.69 |
15.32 - 15.40 |
|
|
S. CENTRAL |
7.62 - 7.76 |
15.30 - 15.40 |
|
|
WABASH |
7.73 - 7.85 |
15.23 - 15.33 |
8.53 - 8.66 |
|
W.S. WEST |
7.69 - 7.79 |
15.42 - 15.49 |
8.50 - 8.66 |
|
L. EGYPT |
7.73 - 7.83 |
15.29 - 15.38 |
8.56 - 8.66 |
Central Illinois average price
Corn: 7.69 (- 4 Z)
Soybeans:
15.35 (-13 1/2X)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.60 - 7.70 |
15.28 - 15.35 |
|
|
WESTERN |
7.55 - 7.65 |
15.18 - 15.36 |
|
|
N. CENT. |
7.67 - 7.78 |
15.41 - 15.49 |
|
|
S. CENTRAL |
7.76 - 7.89 |
15.46 - 15.56 |
|
|
WABASH |
7.90 - 8.03 |
15.33 - 15.49 |
8.17 - 8.31 |
|
W.S. WEST |
7.82 - 7.92 |
15.52 - 15.63 |
8.12 - 8.38 |
|
L. EGYPT |
7.93 - 7.98 |
15.47 - 15.56 |
8.27 - 8.31 |
***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] |
