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Illinois grain prices in country elevators

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[October 17, 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 afternoon.

Soybean futures gained strength from positive export news.

Today the USDA announced the sale of 110,150 tonnes of US soybeans to an unknown destination.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 1 cent higher 7.14-7.32.

Soybean bids were steady to 1 cent higher at 14.61-14.72.

In Central Illinois country grain dealers quoted shelled corn bids were mostly 1 cent higher at 7.27-7.45.

Soybean bids were mostly 1 to 3 cents higher at 14.76-14.88.

In the Southern part of the state, shelled corn bids were steady to 1 cent higher at 7.32-7.50.

Soybean bids were mixed lower at 14.74-14.85.

Wheat bids were mostly steady at 8.11-8.28.

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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

7.22 - 7.32 14.61 - 14.72  

WESTERN 

7.14 - 7.24 14.63 - 14.67  

N. CENT.

7.27 - 7.33  14.77 - 14.89  

S. CENTRAL

 7.30 - 7.45 14.76 - 14.86  

WABASH 

7.38 - 7.50 14.74 - 14.82 8.15 - 8.28

W.S. WEST

7.32 - 7.42 14.78 - 14.85 8.11 - 8.28

L. EGYPT

7.38 - 7.48 14.78 - 14.84 8.18 - 8.28

Central Illinois average price

Corn: 7.36 (- 2 Z)
Soybeans:
14.82 « (-11 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.24 - 7.34 14.72 - 14.80  

WESTERN 

7.20 - 7.34 14.62 - 14.76  

N. CENT.

7.33 - 7.45 14.85 - 14.94  

S. CENTRAL

7.44 - 7.58 14.91 - 15.03  

WABASH 

7.53 - 7.64 14.78 - 14.93 7.98 - 8.03

W.S. WEST

7.55 - 7.65 14.97 - 15.05

7.83 - 8.08

L. EGYPT

7.58 - 7.66

14.91 - 15.01

7.98 - 8.03

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

10/11/2012

10/4/2012    
  Price--Basis Price--Basis

Corn

7.69 -4Z

7.55 - 2Z      

Soybeans

15.35 -13« X

15.39 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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