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Illinois grain prices in country elevators

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[September 26, 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. Without new grain
information to move the markets, prices ended mixed.

Many traders are looking to the USDA's Grain Stocks report on Friday.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mostly 1 cent lower at 7.16-7.36.

Soybean bids were mixed at 15.78-15.93.

In Central Illinois country grain dealers quoted shelled corn bids were 1 cent
lower at 7.40-7.55.

Soybean bids were steady to 1 cent higher at 15.93-16.10.

In the Southern part of the state, shelled corn bids were 1 cent lower at 7.40-7.59.

Soybean bids were mixed at 15.87-16.07. Wheat bids were 5 cents lower at
8.47-8.67.

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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 - 7.36 15.81 - 15.92  

WESTERN 

7.16 - 7.29 15.78 - 15.93  

N. CENT.

7.40 - 7.55 15.94 - 15.99  

S. CENTRAL

7.43 - 7.54 15.93 - 16.10  

WABASH 

7.52 - 7.59 15.90 - 16.07 8.50 - 8.62

W.S. WEST

7.40 - 7.56 15.93 - 16.07 8.47 - 8.62

L. EGYPT

7.44 - 7.52 15.87 - 15.92 8.57 - 8.67

Central Illinois average price

Corn: 7.47 1/2 (+ 3 1/2Z)
Soybeans:
16.01 1/2 (-10 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.28 - 7.41 15.87 - 16.01  

WESTERN 

7.23 - 7.35 15.96 - 16.00  

N. CENT.

7.47 - 7.55 16.04 - 16.13  

S. CENTRAL

 7.51 - 7.67 16.13 - 16.22  

WABASH 

7.65 - 7.74  15.98 - 16.12  8.15 - 8.29

W.S. WEST

7.46 - 7.70 16.20 - 16.28

8.11 - 8.28

L. EGYPT

7.70 - 7.72

16.12 - 16.14

8.21 - 8.30

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

 9/20/2012   9/13/2012
  Price--Basis Price--Basis

Corn

7.52 + 6Z

7.81 +7Z

Soybeans

 16.07 - 12X

17.54 1/2 +7X

Annual Comparison

 

August 2012 

August 2011
  Price--Basis Price--Basis

Corn

8.15 +12 U

7.30 +16 U

Soybeans

17.09 +44 X

13.59 -11 X

[Text copied from USDA-IL Dept of Ag Market News, Springfield]

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