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Illinois grain prices in country elevators

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[August 22, 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.

Technical trading at the Board of Trade along with the concern of an extended dry weather forecast helped corn and soybean futures to close higher.

Wheat futures were supported by export sales and an increase in export interest.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 12 to 14 cents higher at 6.11-6.28.

Soybean bids were mostly 14 to 22 cents higher at 13.87-14.01.

In Central Illinois country grain dealers quoted shelled corn bids were 15 to 17 cents higher at 6.18-6.35.

Soybean bids were 7 to 9 cents higher at 14.21-14.44.

In the Southern part of the state, shelled corn bids were 14 cents higher at 5.68-6.14.

Soybean bids were mostly 13 to 17 cents higher at 13.78-14.04.

Wheat bids were 5 cents higher at 6.04-6.24.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.18 - 6.28 13.89 - 13.96  

WESTERN 

6.11 - 6.22 13.87 - 14.01  

N. CENT.

6.18 - 6.35 14.33 - 14.44  

S. CENTRAL

 6.21 - 6.32 14.21 - 14.37  

WABASH 

5.98 - 6.08 13.78 - 13.84 6.09 - 6.24

W.S. WEST

5.78 - 6.14 13.86 - 13.98 6.11 - 6.23

L. EGYPT

5.68 - 5.83 13.84 - 14.04  6.04 - 6.14

Central Illinois average price

Corn:  6.26 1/2 (+128 1/2U)
Soybeans:
14.32 1/2 (+128 1/2X)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.56 - 4.67 12.73 - 12.84  

WESTERN 

4.54 - 4.63 12.74 - 12.79  

N. CENT.

4.58 - 4.70 12.79 - 12.94  

S. CENTRAL

4.57 - 4.68 12.84 - 12.94  

WABASH 

4.58 - 4.68 12.83 - 12.94  

W.S. WEST

4.58 - 4.70 12.95 - 13.03  

L. EGYPT

4.57 - 4.60 12.82 - 12.94  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

8/15/2013

8/8/2013

  Price--Basis Price--Basis

Corn

6.03 1/2 +122U

5.85 1/2 +112U

Soybeans

14.09 1/2 +144X 

13.32 +146X

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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