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Illinois grain prices in country elevators

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[July 24, 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 lower on Tuesday afternoon, with soybean meal values and technical trading at the Board of Trade pushed soybean futures lower.

Lower cash basis levels for soybeans at both processors and river terminals also weakened prices.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 19 cents lower at 6.55-6.67.

Soybean bids were sharply lower at 14.62-15.30.

In Central Illinois country grain dealers quoted shelled corn bids were 16 to 19 cents lower at 6.54-6.75.

Soybean bids were sharply lower at 15.02-15.38.

In the Southern part of the state, shelled corn bids were 18 to 28 cents lower at 6.53-6.78.

Soybean bids were sharply lower at 15.08-15.43. Wheat bids were 6 to 8 cents lower at 6.34-6.52.

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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

6.56 - 6.67 14.62 - 14.73  

WESTERN 

 6.55 - 6.67 14.87 - 15.30  

N. CENT.

6.54 - 6.75 15.02 - 15.31  

S. CENTRAL

6.58 - 6.71 15.18 - 15.38  

WABASH 

6.63 - 6.73 15.12 - 15.17 6.34 - 6.39

W.S. WEST

6.65 - 6.78 15.09 - 15.43 6.45 - 6.52

L. EGYPT

6.53 - 6.73 15.08 - 15.18 6.34 - 6.42

Central Illinois average price

Corn:  6.64 1/2 (+142 U)
Soybeans:
15.20 (+ 57 1/2 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.55 - 4.71 12.25 - 12.35  

WESTERN 

4.52 - 4.63 12.26 - 12.35  

N. CENT.

4.55 - 4.72 12.30 - 12.48  

S. CENTRAL

 4.63 - 4.73 12.42 - 12.55  

WABASH 

4.58 - 4.68 12.35 - 12.50  

W.S. WEST

4.60 - 4.78 12.48 - 12.55  

L. EGYPT

4.63 - 4.71 12.40 - 12.50  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

7/11/2013

7/11/2013

  Price--Basis Price--Basis

Corn

6.76 1/2 +135 1/2U

7.06 +145U

Soybeans

15.64 + 95Q

15.98 +126Q

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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