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Illinois grain prices in country elevators

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[October 24, 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.

Soybeans found support from export sales to Russia.

With ethanol production higher, corn advanced.

Wheat is finding some strength in the worry over wheat yields overseas.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 4 to 9 cents higher at 4.18-4.28.

Soybean bids were 9 to 27 cents higher at 12.77-13.09.

In Central Illinois country grain dealers quoted shelled corn bids were 7 to 16 cents higher at 4.19-4.38.

Soybean bids were 10 to 12 cents higher at 12.86-13.02.

In the Southern part of the state, shelled corn bids were 4 to 9 cents higher at 4.08-4.30.

Soybean bids were mostly 8 cents higher at 12.82-13.11.

Wheat bids were 1 cent higher at 6.59-6.90.

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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

4.15 - 4.28 12.77 - 12.83  

WESTERN 

4.18 - 4.23 12.82 - 13.09  

N. CENT.

4.19 - 4.26 12.86 - 13.02  

S. CENTRAL

 4.20 - 4.38 12.86 - 12.98  

WABASH 

4.15 - 4.23 12.87 - 13.02 6.59 - 6.72

W.S. WEST

 4.15 - 4.30 12.99 - 13.11 6.79 - 6.90

L. EGYPT

4.08 - 4.12 12.82 - 13.00 6.70 - 6.81

Central Illinois average price

Corn:  4.28 1/2 (-14 Z)
Soybeans:
12.94 (-16 X)


CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.19 - 4.38 12.82 - 12.96  

WESTERN 

4.24 - 4.37 12.76 - 13.03  

N. CENT.

4.25 - 4.39 12.90 - 13.17  

S. CENTRAL

4.31 - 4.40 12.89 - 13.15  

WABASH 

4.32 - 4.39 12.98 - 13.09  

W.S. WEST

4.37 - 4.45 13.14 - 13.31  

L. EGYPT

4.24 - 4.37 13.04 - 13.24  

 

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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