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Illinois grain prices in country elevators

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[January 08, 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, with soybean futures sharply higher.

Technical buying at the Board of Trade helped to lift soybean futures.

Many traders have their eyes on Friday's release of several major grain reports to be released by the USDA.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 5 cents higher at 6.66-7.00.

Soybean bids were up 18 to 22 cents at 13.65-14.05.

In Central Illinois country grain dealers quoted shelled corn bids were 5 to 6 cents higher at 6.73-6.98.

Soybean bids were 21 to 24 cents higher at
13.91-14.06.

In the Southern part of the state, shelled corn bids were 4 to 6 cents stronger at 6.67-7.06.

Soybean bids were 21 to 22 cents higher at 14.03-14.26.

Wheat bids were 4 cents higher at 7.38-7.56.

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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

6.66 - 7.00 13.65 - 13.97  

WESTERN 

6.71 - 6.79 13.99 - 14.05  

N. CENT.

6.78 - 6.91 13.91 - 14.06  

S. CENTRAL

6.83 - 6.98 13.91 - 14.04  

WABASH 

6.90 - 7.03 14.03 - 14.12 7.38 - 7.56

W.S. WEST

 6.67 - 6.83 14.10 - 14.18 7.46 - 7.50

L. EGYPT

6.96 - 7.06 14.08 - 14.26 7.40 - 7.51

Central Illinois average price

Corn:  6.85 (+ 1/2 H)
Soybeans:
13.98 1/2 (+ 10 H)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.29 - 5.47 12.30 - 12.49  

WESTERN 

5.29 - 5.40 12.35 - 12.45  

N. CENT.

5.35 - 5.50 12.44 - 12.55  

S. CENTRAL

5.39 - 5.51 12.41 - 12.60  

WABASH 

5.48 - 5.54 12.45 - 12.55 7.35 - 7.38

W.S. WEST

5.31 - 5.42 12.40 - 12.55 7.12 - 7.23

L. EGYPT

5.55 - 5.59 12.45 - 12.55 7.26 - 7.36

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

1/3/2012

12/27/2012

  Price--Basis Price--Basis

Corn

6.901/2 +1H

6.921/2 +1H

Soybeans

13.921/2 +6H

14.16 -3F

Annual Comparison

 

December 2012

January 2012

  Price--Basis Price--Basis

Corn

7.23 option H

6.25 -6H

Soybeans

14.50 -8F

11.82 -221/2 H

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

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