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Illinois grain prices in country elevators

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[December 10, 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.

Corn was strengthened with higher export inspection figures.

Soybeans had substantial gains on traders expecting the USDA to lower ending stocks.

Without any encouraging news wheat remained at existing values.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 1 to 3 cents higher at 4.16-4.26.

Soybean bids were 16 cents higher at 13.17-13.32.

In Central Illinois country grain dealers quoted shelled corn bids were 4 to 7 cents higher at 4.14-4.25.

Soybean bids were 18 to 25 cents higher at 13.30-13.44.

In the Southern part of the state, shelled corn bids were 4 to 6 cents stronger at 4.24-4.39.

Soybean bids were 16 to 23 cents higher at 13.38-13.66.

Wheat bids were steady to 4 cents higher at 6.30-6.59.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

 4.16 - 4.26 13.17 - 13.29  

WESTERN 

4.20 - 4.24 13.20 - 13.32  

N. CENT.

4.14 - 4.23 13.31 - 13.43  

S. CENTRAL

4.16 - 4.25 13.30 - 13.44  

WABASH 

4.24 - 4.33 13.38 - 13.50 6.30 - 6.42

W.S. WEST

4.28 - 4.39 13.55 - 13.66 6.53 - 6.59

L. EGYPT

4.24 - 4.27 13.40 - 13.54 6.30 - 6.38

Central Illinois average price

Corn:  4.19 1/2 (-18 1/2 H)
Soybeans:
13.37 (- 7 F)


CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.19 - 4.33 13.09 - 13.29  

WESTERN 

 4.20 - 4.23 13.21 - 13.36  

N. CENT.

4.17 - 4.29 13.31 - 13.48  

S. CENTRAL

4.14 - 4.25 13.33 - 13.47  

WABASH 

4.26 - 4.34 13.40 - 13.54  

W.S. WEST

4.33 - 4.39 13.49 - 13.67  

L. EGYPT

4.17 - 4.27 13.44 - 13.54  

 

Cent. Ill. Average Price at Country Elevators

Week of

9/19/2013

9/12/2013

  Price--Basis Price--Basis

Corn

4.50 -9 1/2Z

4.94 1/2 +28Z

Soybeans

13.56 1/2 +17X

14.83 +87X 1

Annual Comparison

 

August 2013  

September 2012

  Price--Basis Price--Basis

Corn

5.98 1/2 +115U

7.69 1/2 +6Z

Soybeans

14.00 +135 1/2X

16.71 -4 1/2 X

[Text copied from USDA-IL Dept of Ag Market News, Springfield]

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