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Illinois grain prices in country elevators

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[February 20, 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 mixed on Tuesday afternoon, with soybean values sharply higher and corn and wheat futures lower.

Lighter than expected rainfall for the South American soybean crop, plus the sale of US soybeans to China fueled today's rally.

The USDA announced that the US sold 120,000 tonnes of soybeans to China for the 2012-2013 crop year.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 3 to 4 cents lower at 6.88-7.09.

Soybean bids were 44 to 46 cents higher at 14.50-14.60.

In Central Illinois country grain dealers quoted shelled corn bids were 2 to 3 cents lower at 6.92-7.15.

Soybean bids were up 44 to 46 cents at 14.72-14.85.

In the Southern part of the state, shelled corn bids were 4 cents lower at 6.90-7.20.

Soybean bids were 44 to 46 cents higher at 14.74-14.97.

Wheat bids were 7 to 10 cents lower at 7.27-7.50.


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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.90 - 7.09 14.53 - 14.60  

WESTERN 

6.88 - 7.00 14.50 - 14.57  

N. CENT.

6.92 - 7.04 14.72 - 14.85  

S. CENTRAL

7.04 - 7.15 14.75 - 14.84  

WABASH 

7.06 - 7.20 14.82 - 14.90 7.27 - 7.40

W.S. WEST

6.90 - 7.04 14.74 - 14.85 7.34 - 7.50

L. EGYPT

7.10 - 7.20 14.89 - 14.97 7.37 - 7.47

Central Illinois average price

Corn:  7.03 1/2 (+ 8 H)
Soybeans:
14.78 1/2 (+ 8 H)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.23 - 5.37 12.33 - 12.43  

WESTERN 

5.19 - 5.32 12.27 - 12.42  

N. CENT.

5.19 - 5.33 12.34 - 12.45  

S. CENTRAL

5.28 - 5.39 12.48 - 12.63  

WABASH 

5.28 - 5.38 12.42 - 12.58 7.10 - 7.14

W.S. WEST

5.26 - 5.33 12.51 - 12.61 6.98 - 7.11

L. EGYPT

5.33 - 5.43 12.48 - 12.58 7.00 - 7.10

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

2/14/2013 2/7/2013
  Price--Basis Price--Basis

Corn

7.03 1/2 +9H

7.20 1/2 +10H

Soybeans

14.27 1/2 +9 1/2H

14.94 1/2 + 8H

Annual Comparison

 

January 2013

February 2012

  Price--Basis Price--Basis

Corn

7.17 + 2H

6.41 + 1/2H

Soybeans

14.30 +11H  

12.40 -15 H

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

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