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Illinois grain prices in country elevators

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[December 11, 2013]  SPRINGFIELD  This is Tuesday'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 mostly lower on Tuesday afternoon.

The USDA increased the world ending wheat stocks estimate to 182.8 million metric tonnes from 178.5 million.

Corn and soybeans closed lower.

Corn ending stocks were estimated at 1.792 billion bushels verses the average trade guess of 1.871 billion bushels and last months estimate of 1.887 billion bushels.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mixed at 4.14-4.29.

Soybean bids were mixed at 13.14-13.28.

In Central Illinois country grain dealers quoted shelled corn bids were 3 to 6 cents lower at 4.11-4.24.

Soybean bids were 1 to 5 cents lower at 13.25-13.43.

In the Southern part of the state, shelled corn bids were 2 to 3 cents lower at 4.22-4.36.

Soybean bids were 6 to 8 cents lower at 13.32-13.58.

Wheat bids were 12 cents lower at 6.18-6.47.


 

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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

4.14 - 4.29 13.18 - 13.24  

WESTERN 

4.18 - 4.22 13.14 - 13.28  

N. CENT.

4.13 - 4.21 13.26 - 13.43  

S. CENTRAL

4.11 - 4.24 13.25 - 13.38  

WABASH 

4.22 - 4.31 13.32 - 13.48 6.24 - 6.28

W.S. WEST

4.23 - 4.36 13.53 - 13.58 6.44 - 6.47

L. EGYPT

4.22 - 4.31 13.43 - 13.48 6.18 - 6.19

Central Illinois average price

Corn:  4.17 1/2 (-18 1/2 H)
Soybeans:
13.34 (- 4 F)


CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.17 - 4.28 13.13 - 13.27  

WESTERN 

4.14 - 4.23 13.14 - 13.19  

N. CENT.

4.15 - 4.27 13.26 - 13.46  

S. CENTRAL

4.14 - 4.24 13.27 - 13.41  

WABASH 

4.24 - 4.32 13.38 - 13.48  

W.S. WEST

4.30 - 4.38 13.50 - 13.64  

L. EGYPT

4.21 - 4.31 13.38 - 13.48  

 

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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