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Illinois grain prices in country elevators

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[August 16, 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 higher on Thursday afternoon.

Corn and soybeans were supported on the prevented plantings report which was higher

than the trade expected.

Export sales have been better than average and with a drier forecast for the next ten days, the momentum was higher.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 16 to 17 cents higher at 5.86-6.08.

Soybean bids were 17 to 21 cents higher at 13.55-13.75.

In Central Illinois country grain dealers quoted shelled corn bids were  19 to 21 cents higher at 5.90-6.17.

Soybean bids were 24 to 27 cents higher at 14.00-14.19.

In the Southern part of the state, shelled corn bids were 12 to 17 cents higher at 5.52-5.98.

Soybean bids were 22 to 25 cents higher at 13.45-13.96.

Wheat bids were 7 cents higher at 6.02-6.23.

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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

5.86 - 5.97 13.60 - 13.66  

WESTERN 

5.95 - 6.08 13.55 - 13.75  

N. CENT.

5.90 - 6.05 14.05 - 14.19  

S. CENTRAL

5.97 - 6.17 14.00 - 14.16  

WABASH 

5.77 - 5.87 13.88 - 13.96 6.17 - 6.23

W.S. WEST

5.72 - 5.98 13.45 - 13.63 6.02 - 6.23

L. EGYPT

5.52 - 5.57 13.85 - 13.96 6.03 - 6.23

Central Illinois average price

Corn:  6.03 1/2     (+122    U)
Soybeans:
14.09 1/2     (+144    X)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.45 - 4.61 12.30 - 12.48  

WESTERN 

4.43 - 4.52 12.35 - 12.41  

N. CENT.

4.42 - 4.50 12.35 - 12.49  

S. CENTRAL

4.46 - 4.59 12.41 - 12.50  

WABASH 

4.45 - 4.54 12.41 - 12.56  

W.S. WEST

4.42 - 4.53 12.57 - 12.64  

L. EGYPT

4.46 - 4.49 12.45 - 12.56  

***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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