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Illinois grain prices in country elevators

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[April 23, 2013]  SPRINGFIELD -- This is Monday's report of the grain prices and trends, prepared by
the USDA and the Illinois Department of Agriculture.

(Copy)

Illinois country grain prices were lower on Monday afternoon.

Technical selling at the Board of Trade helped to push grain prices lower.

Wheat futures were weakened by the weather forecast for the Plains states that included moisture for dry soils.

Strength in the cash markets did provide support for both corn and soybean prices.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 6 to 7 cents lower at 6.41-6.54.

Soybean bids were mostly 18 to 21cents lower at 14.12-14.29.

In Central Illinois country grain dealers quoted shelled corn bids were 6 cents lower at 6.41-6.58.

Soybean bids were 14 to 15 cents lower at
14.26-14.44.

In the Southern part of the state, shelled corn bids were 6 to 8 cents lower at 6.32-6.71.

Soybean bids were 11 cents lower at 14.35-14.58.

Wheat bids were 6 to 7 cents lower at 6.97-7.10.

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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

6.41 - 6.51 14.12 - 14.27  

WESTERN 

6.44 - 6.54 14.12 - 14.29  

N. CENT.

6.45 - 6.58 14.32 - 14.44  

S. CENTRAL

6.41 - 6.50 14.26 - 14.40  

WABASH 

6.56 - 6.71 14.35 - 14.48  6.97 - 7.10

W.S. WEST

6.32 - 6.42 14.49 - 14.58 7.01 - 7.09

L. EGYPT

6.59 - 6.70 14.38 - 14.48 6.99 - 7.10

Central Illinois average price

Corn:  6.49 1/2 (+ 4 K)
Soybeans:
14.35 (+18 K)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.99 - 5.13 11.66 - 11.83  

WESTERN 

4.96 - 5.07 11.65 - 11.76  

N. CENT.

5.00 - 5.13 11.70 - 11.75  

S. CENTRAL

5.06 - 5.14 11.73 - 11.84  

WABASH 

5.05 - 5.15 11.73 - 11.80 6.73 - 6.83

W.S. WEST

4.99 - 5.10 11.79 - 11.85 6.91 - 7.01

L. EGYPT

5.10 - 5.18 11.73 - 11.83 6.83 - 6.92

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

4/18/2013

4/11/2013

  Price--Basis Price--Basis

Corn

6.50 1/2 + 6K  

6.61 1/2 +10 K

Soybeans

14.57 +26 1/2K

14.25 1/2 +23 1/2K

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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