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Illinois grain prices in country elevators

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[May 03, 2013]  SPRINGFIELD -- This is Thursday'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 Thursday afternoon.

Forecast for heavy rains across Illinois and Iowa supported old crop bids.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were up 10 to 16 cents at 6.84-7.00.

Soybean bids were mixed at 14.21-14.36.

In Central Illinois country grain dealers quoted shelled corn bids were 14 to 16 cents higher at 6.83-6.92.

Soybean bids were mixed at 14.32-14.57.

In the Southern part of the state, shelled corn bids were 13 to 16 cents higher at 6.73-7.02.

Soybean bids were mixed at 14.43-14.59.

Wheat bids were 9 to 12 cents higher at 7.09-7.32.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

 6.89 - 7.00 14.21 - 14.28  

WESTERN 

6.84 - 6.93 14.26 - 14.36  

N. CENT.

6.87 - 6.92 14.32 - 14.50  

S. CENTRAL

6.83 - 6.91 14.42 - 14.57  

WABASH 

6.92 - 7.02 14.46 - 14.57  7.09 - 7.16

W.S. WEST

6.73 - 6.85 14.43 - 14.59 7.20 - 7.32

L. EGYPT

6.97 - 7.02 14.48 - 14.57 7.16 - 7.24

Central Illinois average price

Corn:  6.87 1/2 (+25 1/2 N)
Soybeans:
14.44 1/2 (+71 1/2 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.25 - 5.37 11.66 - 11.84  

WESTERN 

5.22 - 5.33 11.66 - 11.72  

N. CENT.

5.20 - 5.36 11.73 - 11.87  

S. CENTRAL

5.25 - 5.41 11.74 - 11.86  

WABASH 

5.31 - 5.41 11.74 - 11.92 6.97 - 7.09

W.S. WEST

5.25 - 5.50 11.77 - 11.96 7.09 - 7.22

L. EGYPT

5.36 - 5.44 11.74 - 11.92 7.06 - 7.17

***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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