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Illinois grain prices in country elevators

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[March 21, 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 higher on Wednesday afternoon.

Technical buying at the Board of Trade helped to support wheat and soybean futures.

Wheat also received a boost from good domestic demand. In the cash markets, grain movement was slow to moderate.

There was weakness noted in the corn basis. River terminals and processors basis fell by 2 to 6 cents per bushel.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 2 to 4 cents higher at 7.32-7.58.

Soybean bids were 13 to 15 cents higher at 14.06-14.25.

In Central Illinois country grain dealers quoted shelled corn bids were 4 cents higher at 7.45-7.58.

Soybean bids were 11 cents higher at 14.30-14.44.

In the Southern part of the state, shelled corn bids were 4 to 6 cents higher at 7.22-7.68.

Soybean bids were 13 to 15 cents higher at 14.19-14.58.

Wheat bids were 14 cents higher at 7.31-7.51.


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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

7.33 - 7.58 14.09 - 14.25  

WESTERN 

7.32 - 7.45 14.06 - 14.17  

N. CENT.

7.45 - 7.51 14.37 - 14.44  

S. CENTRAL

7.45 - 7.58 14.30 - 14.41  

WABASH 

7.52 - 7.68 14.43 - 14.50 7.31 - 7.46

W.S. WEST

7.22 - 7.53 14.19 - 14.34  7.36 - 7.49

L. EGYPT

7.61 - 7.68 14.50 - 14.58 7.41 - 7.51

Central Illinois average price

Corn:  7.51 1/2 (+19 K)
Soybeans:
14.37 (+17 K)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.33 - 5.46 12.19 - 12.31  

WESTERN 

5.29 - 5.47 12.21 - 12.31  

N. CENT.

5.32 - 5.43 12.23 - 12.32  

S. CENTRAL

5.33 - 5.50 12.32 - 12.43  

WABASH 

5.39 - 5.52 12.31 - 12.36 7.04 - 7.14

W.S. WEST

5.30 - 5.48 12.38 - 12.46 7.12 - 7.28

L. EGYPT

5.42 - 5.52 12.31 - 12.44 7.02 - 7.14

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

3/14/2013

3/7/2013

  Price--Basis Price--Basis

Corn

7.34 1/2 +18K 

7.10 +19K

Soybeans

14.54 +18 1/2K

14.90 1/2 +17K

Annual Comparison

 

February 2013

March 2012

  Price--Basis Price--Basis

Corn

7.15 +7 1/2H

6.46 - 1 1/2K

Soybeans

14.67 +11H

13.33 -19 1/2K

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

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