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Illinois grain prices in country elevators

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[April 09, 2013]  SPRINGFIELD -- This is Monday'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 higher on Monday afternoon.

Soybean values drew strength from technical buying at the Board of Trade, stronger soybean oil values, and good export inspection figures.

Stronger wheat values were supported by good export interest and the cold temperatures in the weather forecast for the Plains states.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 4 to 5 cents higher at 6.33-6.48.

Soybean bids were 16 to 20 cents higher at 13.78-13.95.

In Central Illinois country grain dealers quoted shelled corn bids were 2 to 4 cents higher at 6.42-6.53.

Soybean bids were 18 to 20 cents higher at 13.92-14.08.

In the Southern part of the state, shelled corn bids were 3 to 5 cents higher at 6.20-6.62.

Soybean bids were 15 to 16 cents higher at 13.92-14.10.

Wheat bids were 10 to 13 cents higher at 7.00-7.17.

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Commercial grain prices paid farmers by Interior Illinois Country Elevators after 2.00 p.m. Monday are listed below in dollars per bushel:

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.35 - 6.48 13.78 - 13.90  

WESTERN 

6.33 - 6.42 13.81 - 13.95  

N. CENT.

 6.44 - 6.51 13.95 - 14.08  

S. CENTRAL

 6.42 - 6.53 13.92 - 14.03  

WABASH 

6.49 - 6.59 13.96 - 14.08 7.03 - 7.12

W.S. WEST

 6.20 - 6.39 13.92 - 14.10 7.00 - 7.14

L. EGYPT

6.54 - 6.62 13.93 - 14.08  7.05 - 7.17

Central Illinois average price

Corn:  6.47 1/2 (+14 K)
Soybeans:
14.00 (+22 K)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.96 - 5.11 11.83 - 12.02  

WESTERN 

4.94 - 5.06 11.92 - 12.00  

N. CENT.

 4.96 - 5.08 11.93 - 12.03  

S. CENTRAL

4.97 - 5.12 12.03 - 12.12  

WABASH 

5.04 - 5.17 12.02 - 12.09 6.87 - 7.02

W.S. WEST

4.93 - 5.07  12.05 - 12.26 6.94 - 7.14

L. EGYPT

5.07 - 5.17 12.00 - 12.15 6.85 - 7.03

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

4/4/2013

3/28/2013

  Price--Basis Price--Basis

Corn

6.45 1/2 +15 1/2K

7.09 +14K

Soybeans

13.91 +19K

14.20 +15K

Annual Comparison

 

March 2013

April 2012

  Price--Basis Price--Basis

Corn

7.33 +16 1/2K

6.34 - 1/2K

Soybeans

14.62 +17K

14.23 -17 1/2K 

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

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