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Illinois grain prices in country elevators

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[August 15, 2013]  SPRINGFIELD -- This is Wednesday'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 Wednesday afternoon.

Export interest and export sales helped to lift corn and soybean futures.

Wednesday morning the USDA announced the sale of 110,000 tonnes of US soybeans to China, with South Korea and Taiwan buying US corn.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 5 to 10 cents higher at 5.70-5.95.

Soybean bids were mixed at 13.34-13.63.

In Central Illinois country grain dealers quoted shelled corn bids were 9 to 10 cents higher at 5.69-5.98.

Soybean bids were 11 cents higher at 13.73-13.93.

In the Southern part of the state, shelled corn bids were 10 cents higher at 5.35-5.86.

Soybean bids were mostly 11 cents higher at 13.20-13.74.

Wheat bids were mostly 3 cents higher at 5.95-6.16.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

5.70 - 5.80 13.34 - 13.54  

WESTERN 

5.79 - 5.95 13.44 - 13.63  

N. CENT.

5.69 - 5.88 13.78 - 13.93  

S. CENTRAL

5.87 - 5.98 13.73 - 13.89  

WABASH 

5.60 - 5.75 13.69 - 13.74 6.11 - 6.16

W.S. WEST

5.48 - 5.86 13.20 - 13.31  5.95 - 6.16

L. EGYPT

5.35 - 5.45 13.59 - 13.69 5.96 - 6.16

Central Illinois average price

Corn:  5.83 1/2 (+119 U)
Soybeans:
13.83 (+144 X)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

 4.28 - 4.39 12.08 - 12.21  

WESTERN 

4.25 - 4.35 12.01 - 12.14  

N. CENT.

4.25 - 4.33 12.08 - 12.23  

S. CENTRAL

4.29 - 4.40 12.15 - 12.29  

WABASH 

 4.27 - 4.40 12.15 - 12.29  

W.S. WEST

 4.25 - 4.36 12.30 - 12.37  

L. EGYPT

4.30 - 4.34 12.19 - 12.29  

***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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