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Illinois grain prices in country elevators

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[April 12, 2013]  SPRINGFIELD -- This is Thursday'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 slightly higher on Thursday afternoon.

Good weekly export sales figures and an increase in export interest helped to pull soybeans higher.

Concern with cold temperatures in the Plains states and the export sale of US wheat to China helped to keep wheat higher for the day.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 1 to 3 cents higher at 6.51-6.62.

Soybean bids were mostly 9 to 15 cents higher at 14.02-14.26.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 6.54-6.69.

Soybean bids were 9 cents higher at 14.20-14.31.

In the Southern part of the state, shelled corn bids were mixed at 6.35-6.76. 

Soybean bids were 9 to 10 cents higher at 14.17-14.32.

Wheat bids were mostly 4 cents higher at 6.88-7.06.


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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.53 - 6.62 14.02 - 14.20  

WESTERN 

6.51 - 6.59 14.10 - 14.26  

N. CENT.

6.58 - 6.66 14.20 - 14.31  

S. CENTRAL

6.54 - 6.69 14.21 - 14.29  

WABASH 

6.66 - 6.76 14.22 - 14.30 6.91 - 6.98

W.S. WEST

 6.35 - 6.56 14.17 - 14.29 6.88 - 6.96

L. EGYPT

6.71 - 6.75 14.27 - 14.32 6.93 - 7.06

Central Illinois average price

Corn:  6.61 1/2 (+10 K)
Soybeans:
14.25 1/2 (+23 1/2 K)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.10 - 5.24 11.86 - 11.96  

WESTERN 

5.07 - 5.18 11.87 - 11.94  

N. CENT.

5.08 - 5.19 11.88 - 11.97  

S. CENTRAL

5.09 - 5.25 11.97 - 12.07  

WABASH 

5.16 - 5.29 11.97 - 12.04 6.78 - 6.92

W.S. WEST

 5.09 - 5.20 12.02 - 12.13  6.90 - 7.02

L. EGYPT

5.19 - 5.29 11.93 - 12.10 6.83 - 6.92

***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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