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 (Copy)
Illinois country grain prices were
higher on Monday afternoon, with soybeans sharply higher.
Smaller than expected corn and
soybean crop
estimates in Monday morning's USDA crop report led to higher
grain prices.
The Illinois corn crop was
expected to average 165 bushels per acre, with the state's
soybean crop expected to yield an average of 47 bushels per
acre.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were mostly 6 to 8 cents higher at 5.77-6.02.
Soybean bids were 30 to 45 cents
higher at 13.03-13.56.
In Central Illinois country grain dealers quoted shelled corn
bids were 7 to 8 cents higher at 5.77-6.00.
Soybean bids were 46 to 49 cents
higher
at 13.60-13.82.
In the Southern part of the state, shelled corn bids were mostly
6 to 8 cents higher at 5.37-5.93.
Soybean bids were 36 to 43 cents
higher at
13.22-13.60.
Wheat bids were mostly steady to 2
cents higher at 6.04-6.25.
[to top of second
column] |
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 |
5.77 - 6.02 |
13.03 - 13.50 |
|
|
WESTERN |
5.84 - 5.92 |
13.31 - 13.56 |
|
|
N. CENT. |
5.77 - 5.95 |
13.66 - 13.82 |
|
|
S. CENTRAL |
5.82 - 6.00 |
13.60 - 13.72 |
|
|
WABASH |
5.62 - 5.82 |
13.47 - 13.60 |
6.11 - 6.20 |
|
W.S. WEST |
5.69 - 5.93 |
13.22 - 13.43 |
6.04 - 6.25 |
|
L. EGYPT |
5.37 - 5.57 |
13.45 - 13.55 |
6.05 - 6.20 |
Central Illinois average price
Corn: 5.88 1/2 (+116
1/2U)
Soybeans:
13.71 (+146 X)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
4.37 - 4.47 |
11.88 - 12.07 |
|
|
WESTERN |
4.34 - 4.42 |
11.87 - 12.16 |
|
|
N. CENT. |
4.33 - 4.51 |
11.89 - 12.10 |
|
|
S. CENTRAL |
4.38 - 4.49 |
12.01 - 12.15 |
|
|
WABASH |
4.36 - 4.49 |
12.03 - 12.15 |
|
|
W.S. WEST |
4.26 - 4.46 |
12.17 - 12.33 |
|
|
L. EGYPT |
4.39 - 4.43 |
12.02 - 12.15 |
|
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
8/8/2013 |
8/1/2013
|
| |
Price--Basis |
Price--Basis |
|
Corn |
5.85 1/2 +112U |
5.97 +116U |
|
Soybeans |
13.30 +146X |
13.32 1/2 +140X |
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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