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Illinois grain prices in country elevators

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[September 27, 2012]  SPRINGFIELD -- This is Wednesday'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 lower on Wednesday afternoon, with soybeans sharply lower.

Due to pressure from the outside markets, grain prices were pushed lower.

Fund and technical selling at the Board of Trade also helped to push prices lower.

In Northern and Western Illinois country grain dealers quoted shelled corn bids 19 to 24 cents lower at 6.97-7.12.

Soybean bids were 38 cents lower at 15.40-15.55.

In Central Illinois country grain dealers quoted shelled corn bids were 19 to 21 cents lower at 7.19-7.36.

Soybean bids were 41 to 42 cents lower at 15.52-15.68.

In the Southern part of the state, shelled corn bids were 22 to 29 cents lower at 7.11-7.37.

Soybean bids were 41 to 44 cents lower at 15.43-15.66.

Wheat bids were 17 to 19 cents lower at 8.30-8.49.

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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

7.07 - 7.12 15.43 - 15.51  

WESTERN 

6.97 - 7.11 15.40 - 15.55  

N. CENT.

7.19 - 7.36 15.52 - 15.61  

S. CENTRAL

7.24 - 7.35 15.55 - 15.68  

WABASH 

7.30 - 7.37 15.43 - 15.53 8.35 - 8.42

W.S. WEST

7.11 - 7.37 15.54 - 15.66 8.30 - 8.45

L. EGYPT

7.25 - 7.33 15.48 - 15.53 8.40 - 8.49

Central Illinois average price

Corn: 7.27 1/2 (+ 3 Z)
Soybeans:
15.60 (-13 X)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

7.22 - 7.36 15.46 - 15.61  

WESTERN 

7.04 - 7.15 15.56 - 15.60  

N. CENT.

 7.29 - 7.32 15.61 - 15.73  

S. CENTRAL

7.32 - 7.48  15.73 - 15.81  

WABASH 

7.45 - 7.47 15.57 - 15.59 8.00 - 8.14

W.S. WEST

 7.19 - 7.48  15.74 - 15.86

7.90 - 7.96

L. EGYPT

7.50 - 7.53

15.72 - 15.74

8.06 - 8.16

***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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