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Illinois grain prices in country elevators

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[October 24, 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, with soybeans higher and corn and wheat futures lower.

Slow export demand and a lower Dow Jones index weighed on corn values.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 4 to 6 cents lower at 7.33-7.49.

Soybean bids were 6 to 10 cents higher at 15.21-15.33.

In Central Illinois country grain dealers quoted shelled corn bids were 3 to 6 cents lower at 7.45-7.65.

Soybean bids were 6 to 8 cents higher at 15.36-15.48.

In the Southern part of the state, shelled corn bids were 4 to 6 cents lower at 7.28-7.68.

Soybean bids were 5 to 8 cents higher at 15.28-15.43.

Wheat bids were 5 to 10 cents lower at 8.36-8.54.

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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

7.40 - 7.49 15.25 - 15.33  

WESTERN 

7.33 - 7.46 15.21 - 15.33  

N. CENT.

7.46 - 7.55 15.36 - 15.48  

S. CENTRAL

7.45 - 7.65 15.36 - 15.46  

WABASH 

7.59 - 7.68 15.33 - 15.38 8.36 - 8.54

W.S. WEST

7.28 - 7.44 15.30 - 15.43 8.48 - 8.54

L. EGYPT

7.56 - 7.66 15.28 - 15.35 8.38 - 8.49

Central Illinois average price

Corn: 7.55 (- 1 Z)
Soybeans:
15.42 (-12 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.53 - 7.58 15.30 - 15.40  

WESTERN 

7.41 - 7.54 15.28 - 15.42  

N. CENT.

7.54 - 7.63 15.45 - 15.52  

S. CENTRAL

7.61 - 7.77 15.52 - 15.65  

WABASH 

 7.71 - 7.76 15.41 - 15.54 8.15 - 8.22

W.S. WEST

7.45 - 7.53 15.60 - 15.79

8.05 - 8.12

L. EGYPT

7.76 - 7.88

15.48 - 15.56

8.17 - 8.21

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

10/18/2012

10/11/2012

  Price--Basis Price--Basis

Corn

7.58 -3Z

7.69 -4Z

Soybeans

15.331/2 -12 X

15.35 -13« X

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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