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Illinois grain prices in country elevators

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[March 07, 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 sharply lower on Wednesday afternoon.

Corn futures fell weakened by technical selling at the Board of Trade.

Wheat fell pressured by poor export demand and export interest.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 20 cents lower at 6.98-7.21.

Soybean bids were mixed at 14.66-14.74.

In Central Illinois country grain dealers quoted shelled corn bids were 20 to 22 cents lower at 7.01-7.12.

Soybean bids were mostly steady at 14.78-14.89.

In the Southern part of the state, shelled corn bids were 19 cents lower at 6.88-7.25.

Soybean bids were mixed at 14.81-15.06.

Wheat bids were 22 cents lower at 6.76-6.94.


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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

7.08 - 7.21 14.66 - 14.74  

WESTERN 

6.98 - 7.03 14.67 - 14.73  

N. CENT.

7.03 - 7.11 14.80 - 14.89  

S. CENTRAL

7.01 - 7.12  14.78 - 14.87  

WABASH 

7.12 - 7.21 14.90 - 14.99  6.76 - 6.93

W.S. WEST

 6.88 - 7.08 14.81 - 14.99 6.76 - 6.94

L. EGYPT

 7.16 - 7.25 14.96 - 15.06 6.83 - 6.94

Central Illinois average price

Corn:  7.06 1/2 (+18 K)
Soybeans:
14.83 1/2 (+17 1/2 K)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.20 - 5.29 12.40 - 12.50  

WESTERN 

5.06 - 5.18 12.39 - 12.50  

N. CENT.

5.09 - 5.19 12.39 - 12.48  

S. CENTRAL

5.10 - 5.24 12.44 - 12.59  

WABASH 

5.15 - 5.29 12.49 - 12.54  6.51 - 6.60

W.S. WEST

 5.07 - 5.23 12.52 - 12.63 6.53 - 6.73

L. EGYPT

5.19 - 5.29 12.49 - 12.62 6.57 - 6.63

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

2/28/2013

2/21/2013
  Price--Basis Price--Basis

Corn

7.21 1/2 +2H

7.00 +9H

Soybeans

14.71 1/2 -3H

14.96 1/2 +9H

Annual Comparison

 

January 2013

February 2012

  Price--Basis Price--Basis

Corn

7.17 + 2H

6.41 + 1/2H

Soybeans

14.30 +11H  

12.40 -15 H

[Text copied from USDA-IL Dept of Ag Market News, Springfield]

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