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Illinois country grain prices were
lower on Wednesday afternoon.
The lower futures prices were a
result of technical selling and weaker cash markets as harvest
gets into full swing across the cornbelt.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 3 to 19 cents lower at 7.76-7.99.
Soybean bids were mostly 20 to 21
cents lower at 17.07-17.33.
In Central Illinois country grain dealers quoted shelled corn
bids were 13 to 14 cents lower at 7.88-8.11.
Soybean bids were 21 to 22 cents
lower at 17.42-17.58.
In the Southern part of the state, shelled corn bids were 14 to
23 cents lower at 7.87-8.26.
Soybean bids were 24 to 29 cents
lower at 17.20-17.43.
Wheat bids were 21 cents lower at
8.35-8.52.
[to top of second column]
 |
 Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Wednesday
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
7.81 - 7.99 |
17.07 - 17.23 |
|
|
WESTERN |
7.76 - 7.88 |
17.22 - 17.33 |
|
|
N. CENT. |
7.88 - 8.00 |
17.42 - 17.57 |
|
|
S. CENTRAL |
7.99 - 8.11 |
17.51 - 17.58 |
|
|
WABASH |
8.03 - 8.16 |
17.30 - 17.43 |
8.35 - 8.42 |
|
W.S. WEST |
7.87 - 8.07 |
17.20 - 17.34 |
8.43 - 8.52 |
|
L. EGYPT |
8.16 - 8.26 |
17.38 - 17.42 |
8.38 - 8.48 |
Central Illinois average price
Corn: 7.99 1/2 (+ 8 1/2 Z)
Soybeans:
17.50 (+ 2 1/2 X)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.72 - 7.91 |
17.23 - 17.29 |
|
|
WESTERN |
7.70 - 7.83 |
17.32 - 17.38 |
|
|
N. CENT. |
7.87 - 8.03 |
17.34 - 17.49 |
|
|
S. CENTRAL |
7.96 - 8.14 |
17.44 - 17.61 |
|
|
WABASH |
8.05 - 8.21 |
17.40 - 17.48 |
8.16 - 8.20 |
|
W.S. WEST |
7.79 - 7.90 |
17.53 - 17.63 |
8.02 - 8.18 |
|
L. EGYPT |
8.20 - 8.24 |
17.48 - 17.61 |
8.20
- 8.21 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
8/30/2012 |
8/23/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
8.18 + 6 1/2 U |
8.27 +18 U |
|
Soybeans |
17.85 1/2 +22 1/2 X |
17.53 1/2 +38 1/2 X |
Annual Comparison
|
|
July 2012 |
July 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.85 +25 1/2 U |
6.96 +28 U |
|
Soybeans |
16.60 +23 X |
13.65 + 3 1/2 X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
