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Illinois grain prices in country elevators

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[August 09, 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 mixed on Thursday afternoon, with corn and soybeans higher and wheat lower.

Exports and export sales supported stronger soybean prices.

New crop soybeans sales continue to be good, especially to China.

Weekly export sales figures for the week were higher than expected at 1.01 million metric tons.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 3 to 9 cents higher at 5.77-5.91.

Soybean bids were mostly 18 to 22 cents higher at 12.81-13.09.

In Central Illinois country grain dealers quoted shelled corn bids were 7 to 8 cents higher at 5.76-5.95.

Soybean bids were 25 to 28 cents higher
at 13.16-13.44.

In the Southern part of the state, shelled corn bids were mostly 5 to 6 cents higher at 5.44-5.84.

Soybean bids were mostly 18 cents higher at
12.92-13.19.

Wheat bids were 3 to 4 cents lower at 6.16-6.53.


 

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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

5.78 - 5.88 12.91 - 12.94  

WESTERN 

 5.77 - 5.91 12.81 - 13.09  

N. CENT.

5.76 - 5.95 13.22 - 13.44  

S. CENTRAL

5.81 - 5.92 13.16 - 13.31  

WABASH 

5.64 - 5.84 13.09 - 13.19  6.17 - 6.31

W.S. WEST

5.70 - 5.80 12.92 - 13.07 6.37 - 6.53

L. EGYPT

5.44 - 5.64 13.04 - 13.14 6.16 - 6.31

Central Illinois average price

Corn:  5.85 1/2 (+112 U)
Soybeans:
13.30 (+146 X)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.35 - 4.45 11.48 - 11.66  

WESTERN 

4.28 - 4.38 11.52 - 11.59  

N. CENT.

4.29 - 4.47 11.48 - 11.69  

S. CENTRAL

4.34 - 4.45 11.60 - 11.74  

WABASH 

4.32 - 4.45 11.62 - 11.74  

W.S. WEST

4.27 - 4.42 11.73 - 11.91  

L. EGYPT

4.35 - 4.45 11.64 - 11.74  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

 8/1/2013

7/25/2013

  Price--Basis Price--Basis

Corn

5.97 +109 1/2U

6.12 +1.16U

Soybeans

13.32 1/2 +140X

13.70 +15Q

Annual Comparison

 

July 2013 

August 2012

  Price--Basis Price--Basis

Corn

6.60 1/2 +132U

8.15 +11 1/2U

Soybeans

15.19 +85 1/2Q

17.09 +44 1/2X

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

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