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Illinois grain prices in country elevators

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[June 27, 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 mixed on Wednesday afternoon, with corn and soybeans higher and wheat lower.

Strong cash markets helped to support higher corn and soybean futures.

Technical selling at the Board of Trade and harvest pressure pushed wheat prices lower.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 4 to 7 cents higher at 6.87-7.00.

Soybean bids were 8 cents higher at 15.37-15.48.

In Central Illinois country grain dealers quoted shelled corn bids were 8 to 11 cents higher at 6.94-7.07.

Soybean bids were mixed at 15.49-15.66.

In the Southern part of the state, shelled corn bids were 6 to 8 cents higher at 6.78-7.20.

Soybean bids were 7 to 11 cents higher at 15.69-15.82.

Wheat bids were mostly 6 to 14 cents lower at 6.42-6.61.

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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

6.90 - 7.00 15.39 - 15.45  

WESTERN 

6.87 - 6.97 15.37 - 15.48  

N. CENT.

 6.94 - 6.99 15.60 - 15.66  

S. CENTRAL

6.97 - 7.07 15.49 - 15.55  

WABASH 

7.05 - 7.20 15.69 - 15.79  6.47 - 6.55

W.S. WEST

6.78 - 7.13 15.71 - 15.77 6.53 - 6.61

L. EGYPT

7.08 - 7.20  15.74 - 15.82 6.42 - 6.55

Central Illinois average price

Corn:  7.00 1/2 (+36 N)
Soybeans:
15.57 1/2 (+23 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.12 - 5.29 12.37 - 12.46  

WESTERN 

5.10 - 5.22 12.42 - 12.51  

N. CENT.

5.12 - 5.24 12.46 - 12.64  

S. CENTRAL

5.19 - 5.29 12.51 - 12.66  

WABASH 

5.16 - 5.26 12.51 - 12.66  

W.S. WEST

 5.20 - 5.29  12.58 - 12.72  

L. EGYPT

5.22 - 5.29 12.51 - 12.66  

***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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