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Illinois grain prices in country elevators

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[June 21, 2013]  SPRINGFIELD -- This is Thursday'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 Thursday afternoon.

Wednesday Federal Reserve statement that a change may be coming in interest rates pushed markets lower.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 9 to 12 cents lower at 7.03-7.19.

Soybean bids were 23 to 27 cents lower at 14.97-15.09.

In Central Illinois country grain dealers quoted shelled corn bids were 8 to 10 cents lower at 7.02-7.16.

Soybean bids were 23 to 27 cents lower at 15.22-15.41.

In the Southern part of the state, shelled corn bids were 9 to 11 cents lower at 6.97-7.28.

Soybean bids were 21 to 27 cents lower at 15.29-15.46.

Wheat bids were 5 to 7 cents lower at 6.82-6.99.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

7.03 - 7.19 14.97 - 15.03  

WESTERN 

7.05 - 7.17 15.00 - 15.09  

N. CENT.

 7.02 - 7.16 15.22 - 15.37  

S. CENTRAL

7.03 - 7.13 15.25 - 15.41  

WABASH 

7.13 - 7.28 15.30 - 15.38 6.81 - 6.91

W.S. WEST

6.97 - 7.18 15.29 - 15.35  6.82 - 6.99

L. EGYPT

7.16 - 7.28 15.38 - 15.46 6.86 - 6.91

Central Illinois average price

Corn:  7.09 (+36 N)
Soybeans:
15.31 1/2 (+34 1/2 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.28 - 5.38 12.46 - 12.55  

WESTERN 

5.27 - 5.38 12.47 - 12.60  

N. CENT.

5.29 - 5.40 12.55 - 12.76  

S. CENTRAL

5.32 - 5.47 12.60 - 12.72  

WABASH 

5.32 - 5.43 12.60 - 12.75  

W.S. WEST

5.34 - 5.44 12.67 - 12.78  

L. EGYPT

5.38 - 5.46 12.60 - 12.75  

***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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