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Illinois grain prices in country elevators

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[July 09, 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 mostly higher on Monday afternoon, with soybean prices sharply higher.

Export sales announcements by the USDA supported higher grain markets.

The largest announcement was the sale of 840,000 tonnes of US wheat to China.

There were also sales of US corn to Mexico and US soybeans to an unknown destination.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were up 7 to 20 cents at 6.58-6.92.

Soybean bids were mostly 21 to 27 cents higher at 15.69-15.97.


In Central Illinois country grain dealers quoted shelled corn bids were mostly 8 to 12 cents higher at 6.69-6.98.

Soybean bids were mostly 24 cents higher at 15.81-16.12.

In the Southern part of the state, shelled corn bids were mostly 6 to 7 cents higher at 6.50-6.68.

Soybean bids were up 24 to 25 cents at 16.00-16.26.

Wheat bids were mostly 6 cents higher at 6.38-6.51.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.58 - 6.67 15.69 - 15.89  

WESTERN 

6.70 - 6.92 15.85 - 15.97  

N. CENT.

6.69 - 6.98  15.81 - 16.01  

S. CENTRAL

6.78 - 6.88 15.95 - 16.12  

WABASH 

6.50 - 6.60 16.00 - 16.06 6.38 - 6.48

W.S. WEST

6.51 - 6.57 16.08 - 16.18 6.42 - 6.51

L. EGYPT

6.60 - 6.68 16.16 - 16.26 6.43 - 6.48

Central Illinois average price

Corn:  6.83 1/2 (+150 U)
Soybeans:
15.96 1/2 (+141 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

 4.75 - 4.86 12.14 - 12.32  

WESTERN 

4.67 - 4.78 12.14 - 12.20  

N. CENT.

4.69 - 4.74 12.16 - 12.24  

S. CENTRAL

4.74 - 4.88 12.34 - 12.39  

WABASH 

4.73 - 4.83 12.27 - 12.40  

W.S. WEST

4.78 - 4.89 12.40 - 12.47  

L. EGYPT

4.78 - 4.86 12.32 - 12.42  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

7/3/2013

6/27/2013

  Price--Basis Price--Basis

Corn

 6.761/2 +144U

7.00 +33N

Soybeans

15.80 +139Q 

15.641/2+16N

Annual Comparison

 

June 2013

July 2012

  Price--Basis Price--Basis

Corn

 6.94 +32N

7.85 +251/2 U

Soybeans

15.49 +24 1/2 N

16.60 -23Q

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

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