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Illinois grain prices in country elevators

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[October 23, 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.

Without any export news, corn and soybean prices are being pressured lower by the
better than expected yields.

Wheat found some support on weather problems in South America.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 3 to 5 cents lower at 4.07-4.24.

Soybean bids were mixed at 12.68-12.82.

In Central Illinois country grain dealers quoted shelled corn bids were 6 cents lower at 4.12-4.22.

Soybean bids were steady to 2 cents lower at 12.76-12.90.

In the Southern part of the state, shelled corn bids were mixed at 4.03-4.26.

Soybean bids were mostly 2 cents higher at 12.74-13.03.

Wheat bids were 1 cent higher at 6.58-6.89.

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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

4.14 - 4.24 12.68 - 12.78  

WESTERN 

4.07 - 4.18 12.74 - 12.82  

N. CENT.

4.16 - 4.22 12.76 - 12.89  

S. CENTRAL

4.12 - 4.21 12.78 - 12.90  

WABASH 

4.10 - 4.18 12.81 - 12.92 6.58 - 6.71

W.S. WEST

4.14 - 4.26 12.94 - 13.03 6.78 - 6.89

L. EGYPT

4.03 - 4.07 12.74 - 12.88 6.58 - 6.77

Central Illinois average price

Corn:  4.17 (-21 Z)
Soybeans:
12.83 (-19 X)

CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.17 - 4.36 12.71 - 12.85  

WESTERN 

4.20 - 4.28 12.85 - 12.93  

N. CENT.

4.21 - 4.33 12.83 - 13.03  

S. CENTRAL

 4.21 - 4.34 12.88 - 13.09  

WABASH 

4.28 - 4.33 12.97 - 13.07  

W.S. WEST

4.34 - 4.41 13.10 - 13.18  

L. EGYPT

4.20 - 4.33 12.98 - 13.08  

 

Cent. Ill. Average Price at Country Elevators

Week of

9/19/2013

9/12/2013

  Price--Basis Price--Basis

Corn

4.50 -9 1/2Z

4.94 1/2 +28Z

Soybeans

13.56 1/2 +17X

14.83 +87X 1

Annual Comparison

 

August 2013  

September 2012

  Price--Basis Price--Basis

Corn

5.98 1/2 +115U

7.69 1/2 +6Z

Soybeans

14.00 +135 1/2X

16.71 -4 1/2 X

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

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