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Illinois grain prices in country elevators

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[August 27, 2013]  SPRINGFIELD -- This is Monday'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 Monday afternoon.

Hot weather going into September and a lack of rain over a large part of the corn and soybean areas combined to drive prices higher.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were up 15 to 20 cents at 6.19-6.45.

Soybean bids were 60 to 70 cents higher at 14.69-14.94.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 6.16-6.45.

Soybean bids were 60 to 70 cents higher at 15.07-15.25.

In the Southern part of the state, shelled corn bids were 10 to 20 cents higher at 5.86-6.53.

Soybean bids were 60 to 65 cents higher at 14.69-15.02.

Wheat bids were up 20 cents at 6.20-6.40.
 


 

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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

6.25 - 6.45 14.69 - 14.85  

WESTERN 

6.19 - 6.35 14.75 - 14.94  

N. CENT.

6.33 - 6.45 15.07 - 15.19  

S. CENTRAL

6.16 - 6.31 15.18 - 15.25  

WABASH 

6.01 - 6.15 14.69 - 14.80 6.24 - 6.35

W.S. WEST

5.91 - 6.53 14.81 - 15.02  6.27 - 6.40

L. EGYPT

5.86 - 5.96 14.70 - 14.90 6.20 - 6.30

Central Illinois average price

Corn:  6.30 1/2 (+115 U)
Soybeans:
15.16 (+126 1/2X)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.75 - 4.90 13.54 - 13.70  

WESTERN 

4.73 - 4.83 13.59 - 13.81  

N. CENT.

4.74 - 4.86 13.64 - 13.81  

S. CENTRAL

4.74 - 4.87 13.64 - 13.77  

WABASH 

4.72 - 4.86 13.70 - 13.80  

W.S. WEST

4.73 - 4.93 13.74 - 14.00  

L. EGYPT

4.75 - 4.76 13.69 - 13.80  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

8/22/2013

8/15/2013

  Price--Basis Price--Basis

Corn

6.22 1/2 +135U

6.03 1/2 +122U

Soybeans

14.12 1/2 +126X 

14.09 1/2 +144X

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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