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Illinois grain prices in country elevators

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[May 24, 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 mostly higher on Thursday afternoon.

Technical trading at the Board of Trade helped to support higher corn and soybean values.

Wheat prices were given a boost from good export interest.

In the cash grain markets, the cash soybean basis continues to weaken with losses of 17 to 20 cents noted.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 3 to 4 cents higher at 6.91-7.08.

Soybean bids were 12 to 16 cents lower at 15.00-15.24.

In Central Illinois country grain dealers quoted shelled corn bids were 3 to 6 cents higher at 6.89-7.02.

Soybean bids were 17 to 29 cents lower at 15.21-15.50.

In the Southern part of the state, shelled corn bids were mostly 2 to 3 cents higher at 6.68-7.07.

Soybean bids were 11 to 12 cents lower at 15.24-15.67. 

Wheat bids were 10 to 15 cents higher at 6.80-7.16.

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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

6.94 - 6.98 15.00 - 15.16  

WESTERN 

6.91 - 7.08 15.04 - 15.24  

N. CENT.

6.90 - 6.98 15.21 - 15.33  

S. CENTRAL

6.89 - 7.02 15.32 - 15.50  

WABASH 

6.90 - 7.02 15.57 - 15.67 6.80 - 6.88

W.S. WEST

6.68 - 6.78 15.24 - 15.44 7.06 - 7.16

L. EGYPT

7.00 - 7.07 15.60 - 15.67  6.93 - 7.11

Central Illinois average price

Corn:  6.95 1/2 (+33 1/2 N)
Soybeans:
15.35 1/2 (+36 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.00 - 5.05 12.06 - 12.13  

WESTERN 

5.01 - 5.08 12.05 - 12.26  

N. CENT.

4.97 - 5.14 12.09 - 12.15  

S. CENTRAL

5.00 - 5.16 12.16 - 12.30  

WABASH 

 5.09 - 5.16 12.18 - 12.27 6.73 - 6.84

W.S. WEST

5.01 - 5.15 12.21 - 12.36 6.88 - 7.01

L. EGYPT

5.12 - 5.20 12.18 - 12.31  6.83 - 6.91

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

5/16/2013

5/9/2013

  Price--Basis Price--Basis

Corn

6.73 +31 1/2N

6.79 1/2 +31N

Soybeans

15.22 +94 1/2N 

14.97 1/2 +89N

Annual Comparison

 

April 2013

May 2012

  Price--Basis Price--Basis

Corn

6.57 + 8K

6.27 +26K

Soybeans

14.30 +20 1/2K 

14.04 -14K

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

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