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Illinois grain prices in country elevators

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[May 01, 2013]  SPRINGFIELD -- This is Tuesday'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 Tuesday afternoon, with wheat higher and corn and soybeans lower.

Wheat drew strength from the cold and wet weather forecast for the western Plains states.

Corn futures were weakened by technical trading at the Board of Trade. In the cash markets, the cash soybean processor basis remained firm, with increases of 5 to 10
cents noted at many locations.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were down 4 to 7 cents at 6.75-6.88.

Soybean bids were mostly 8 to 12 cents lower at 14.57-14.67.

In Central Illinois country grain dealers quoted shelled corn bids were 10 cents lower at 6.68-6.82.

Soybean bids 7 to 10 cents lower at 14.74-14.89.

In the Southern part of the state, shelled corn bids were mostly 6 to 10 cents lower at 6.58-6.93.

Soybean bids were mostly 4 to 10 cents lower at 14.79-14.99. Wheat bids were 6 to 11 cents higher at 7.11-7.31.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.77 - 6.80 14.60 - 14.67  

WESTERN 

6.75 - 6.88 14.57 - 14.65  

N. CENT.

6.74 - 6.82 14.74 - 14.89  

S. CENTRAL

6.68 - 6.79 14.76 - 14.89  

WABASH 

 6.80 - 6.90 14.81 - 14.97 7.12 - 7.31

W.S. WEST

6.58 - 6.70 14.79 - 14.99 7.20 - 7.26

L. EGYPT

6.85 - 6.93 14.79 - 14.98  7.11 - 7.26

Central Illinois average price

Corn:  6.75 (- 8 K)
Soybeans:
14.81 1/2 (+14 K)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.23 - 5.35 11.85 - 11.94  

WESTERN 

5.19 - 5.30  11.86 - 11.91  

N. CENT.

5.23 - 5.37 11.91 - 12.06  

S. CENTRAL

5.23 - 5.39 11.94 - 12.06  

WABASH 

5.29 - 5.38 11.94 - 12.11 7.01 - 7.11

W.S. WEST

5.25 - 5.35 12.00 - 12.15  7.20 - 7.27

L. EGYPT

5.34 - 5.42 11.89 - 12.12 7.09 - 7.16

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

4/25/2013

4/18/2013

  Price--Basis Price--Basis

Corn

6.49 1/2 +4K

6.50 1/2 +6K

Soybeans

14.49 1/2 +26K

14.49 1/2 +26K

Annual Comparison

 

March 2013

April 2012

  Price--Basis Price--Basis

Corn

7.33 +16 1/2K

6.34 - 1/2K

Soybeans

14.62 +17K

14.23 -17 1/2K 

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

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