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Illinois grain prices in country elevators

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[January 16, 2013]  SPRINGFIELD -- This is Tuesday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

(Copy)

Illinois country grain prices were mixed on Tuesday afternoon, with corn and wheat higher and soybeans ending slightly lower.

Technical buying at the Board of Trade helped to lift both corn and wheat values.

Moderate losses in soybean meal prices weighed on soybean values.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 6 to 9 cents higher at 7.19-7.36.

Soybean bids were mostly 4 to 5 cents lower at 14.09-14.26.

In Central Illinois country grain dealers quoted shelled corn bids were 6 to 7 cents higher at 7.21-7.41.

Soybean bids were 4 to 5 cents lower at 14.19-14.30.

In the Southern part of the state, shelled corn bids were 8 cents stronger at 7.15-7.55.

Soybean bids were 4 cents lower at 14.31-14.59.

Wheat bids were up 16 to 19 cents at 7.74-7.88.


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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

7.32 - 7.36 14.21 - 14.23  

WESTERN 

7.19 - 7.21 14.09 - 14.26  

N. CENT.

7.21 - 7.36 14.19 - 14.28  

S. CENTRAL

7.27 - 7.41 14.19 - 14.30  

WABASH 

7.37 - 7.46 14.31 - 14.36 7.78 - 7.87

W.S. WEST

7.15 - 7.37 14.47 - 14.59 7.74 - 7.88

L. EGYPT

7.43 - 7.55 14.49 - 14.50 7.78 - 7.83

Central Illinois average price

Corn:  7.31 (+ 1/2 H)
Soybeans:
14.24 1/2 (+ 11 H)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.45 - 5.56 12.38 - 12.48  

WESTERN 

5.44 - 5.54 12.33 - 12.43  

N. CENT.

5.51 - 5.64 12.43 - 12.53  

S. CENTRAL

5.52 - 5.65 12.41 - 12.58  

WABASH 

5.54 - 5.69 12.48 - 12.53 7.62 - 7.64

W.S. WEST

5.48 - 5.59 12.44 - 12.54 7.57 - 7.64

L. EGYPT

5.64 - 5.73 12.52 - 12.63 7.52 - 7.62

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

1/10/2013

1/3/2012

  Price--Basis Price--Basis

Corn

6.99 option H

6.901/2 +1H

Soybeans

13.93 +13H

13.921/2 +6H

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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