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Illinois grain prices in country elevators

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[June 13, 2013]  SPRINGFIELD -- This is Wednesday'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 lower on Wednesday afternoon.

The USDA raised the 2012-2013 ending corn stock by 10 million to 769 million bushels in today's Supply Demand report.

The soybean ending stocks were left unchanged at 265 million bushels.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 8 to 11 cents lower at 6.78-6.99.

Soybean bids were mixed at 15.26-15.46.

In Central Illinois country grain dealers quoted shelled corn bids were 8 to 12 cents lower at 6.76-6.91.

Soybean bids were steady to 4 cents
lower at 15.49-15.70.

In the Southern part of the state, shelled corn bids were 8 to 10 cents lower at 6.77-6.99.

Soybean bids were steady to 4 cents lower at 15.50-15.89.

Wheat bids were 13 to 15 cents lower at 6.60-6.87.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.82 - 6.99 15.26 - 15.37  

WESTERN 

6.78 - 6.91 15.36 - 15.46  

N. CENT.

6.79 - 6.91 15.51 - 15.70  

S. CENTRAL

6.76 - 6.87 15.49 - 15.68  

WABASH 

6.84 - 6.96 15.69 - 15.81 6.60 - 6.65

W.S. WEST

6.77 - 6.96 15.50 - 15.65 6.77 - 6.87

L. EGYPT

6.91 - 6.99 15.81 - 15.89 6.71 - 6.76

Central Illinois average price

Corn:  6.83 1/2 (+33 N)
Soybeans:
15.59 1/2 (+19 N)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.05 - 5.23 12.75 - 12.94  

WESTERN 

5.03 - 5.15 12.76 - 13.00  

N. CENT.

5.07 - 5.17 12.84 - 13.02  

S. CENTRAL

5.06 - 5.21 12.89 - 13.01  

WABASH 

 5.10 - 5.19 12.87 - 13.02  

W.S. WEST

5.13 - 5.24 12.96 - 13.09  

L. EGYPT

5.15 - 5.23 12.87 - 13.02  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

6/6/2013

5/30/2013

  Price--Basis Price--Basis

Corn

6.94 +31N

6.89 +35N

Soybeans

15.52 1/2 +25N

15.31 1/2 +36N

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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