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Illinois grain prices in country elevators

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[June 25, 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 mixed on Monday afternoon, with soybeans higher and corn and wheat lower.

A strong cash market helped soybeans to finish higher.

Monday's Crop Condition report released by the National Ag Statistics Services, indicated Illinois farmers had reached 96% complete with soybean planting, compared to 90% last week.

The condition of both corn and soybean crops improved from last week.

The state's corn crop placed 67% in the good to excellent category, with the Illinois soybean crop placing 69% in the good to excellent range.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 8 to 9 cents lower at 6.81-6.97.

Soybean bids were 19 cents higher at 15.10-15.28.

In Central Illinois country grain dealers quoted shelled corn bids were 7 to 9 cents lower at 6.82-6.95.

Soybean bids were 17 to 18 cents higher at
15.35-15.51.

In the Southern part of the state, shelled corn bids were 8 to 9 cents lower at 6.74-7.08.

Soybean bids were 18 to 19 cents higher at 15.43-15.60.

Wheat bids were 19 cents lower at 6.59-6.79.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.85 - 6.97 15.10 - 15.26  

WESTERN 

6.81 - 6.95 15.15 - 15.28  

N. CENT.

6.82 - 6.93 15.37 - 15.48  

S. CENTRAL

6.85 - 6.95 15.35 - 15.51  

WABASH 

6.93 - 7.08 15.45 - 15.57 6.59 - 6.67

W.S. WEST

 6.74 - 7.04 15.43 - 15.54  6.68 - 6.79

L. EGYPT

6.96 - 7.08 15.52 - 15.60  6.64 - 6.67

Central Illinois average price

Corn:  6.88 1/2 (+35 N)
Soybeans:
15.43 (+31 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.14 - 5.30 12.35 - 12.43  

WESTERN 

5.13 - 5.24 12.36 - 12.48  

N. CENT.

5.14 - 5.26 12.43 - 12.61  

S. CENTRAL

5.23 - 5.29 12.48 - 12.59  

WABASH 

5.17 - 5.28 12.49 - 12.64  

W.S. WEST

5.20 - 5.31 12.56 - 12.67  

L. EGYPT

5.24 - 5.32 12.48 - 12.64  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

6/20/2013

6/13/2013

  Price--Basis Price--Basis

Corn

7.09 +36N

6.74 1/2 +31N

Soybeans

15.31 1/2 +34 1/2N

15.32 1/2 +22N 1

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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