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Illinois grain prices in country elevators

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[July 03, 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 higher on Tuesday afternoon.

Corn futures rose on improved export interest, while soybeans fell due to
improving crop conditions.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 4 to 10 cents higher at 6.46-6.62.

Soybean bids were 4 cents higher at 15.49-15.63.

In Central Illinois country grain dealers quoted shelled corn bids were mostly 26 to 33 cents higher at 6.55-6.96.

Soybean bids were mostly 1 to 3 cents lower at 15.57-15.81

In the Southern part of the state, shelled corn bids were 6 to 8 cents higher at 6.47-6.73.

Soybean bids were mostly 2 to 3 cents lower at 15.79-16.04.

Wheat bids were mostly 3 to 4 cents higher at 6.30-6.44.

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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

6.46 - 6.56 15.50 - 15.60  

WESTERN 

 6.49 - 6.62 15.49 - 15.63  

N. CENT.

6.55 - 6.83 15.57 - 15.81  

S. CENTRAL

6.83 - 6.96 15.64 - 15.74  

WABASH 

6.50 - 6.60 15.83 - 15.93  6.30 - 6.36

W.S. WEST

6.47 - 6.64 15.79 - 15.86 6.37 - 6.44

L. EGYPT

 6.60 - 6.73 15.94 - 16.04 6.33 - 6.43

Central Illinois average price

Corn:   6.75 1/2 (+142 1/2 U)
Soybeans:
15.69 (+135 1/2 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.70 - 4.78 12.05 - 12.13  

WESTERN 

4.69 - 4.80 12.10 - 12.17  

N. CENT.

 4.71 - 4.79 12.06 - 12.27  

S. CENTRAL

4.78 - 4.90 12.23 - 12.29  

WABASH 

4.75 - 4.84 12.18 - 12.33  

W.S. WEST

4.75 - 4.90 12.25 - 12.34  

L. EGYPT

4.80 - 4.89 12.26 - 12.33  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

6/27/2013

6/20/2013

  Price--Basis Price--Basis

Corn

7.00 +33N 

7.09 +36N

Soybeans

15.64 1/2 +16N 

15.31 1/2 +34 1/2N

Annual Comparison

 

May 2013

June 2012

  Price--Basis Price--Basis

Corn

6.83 +31N

6.30 +27N

Soybeans

15.10 +72N

14.15 - 7N

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

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