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Illinois grain prices in country elevators

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[September 05, 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 lower on Wednesday afternoon, with soybean futures sharply lower. Technical selling at the Board of Trade and weaker soybeans meal values pushed soybean futures lower.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 5 to 10 cents lower at 5.45-5.65. Soybean bids were
steady to 17 to 34 cents lower at 14.30-14.42.

In Central Illinois country grain dealers quoted shelled corn bids were 7 to 8 cents lower at 5.50-5.84. Soybean bids were 29 to 34 cents lower at 14.74-14.97.

In the Southern part of the state, shelled corn bids were mixed at 4.56-5.55. Soybean bids were 34 to 40 cents higher at 14.07-14.23.  Wheat bids were 5 to 6 cents lower at 5.94-6.19.

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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

5.45 - 5.65 14.30 - 14.38  

WESTERN 

5.49 - 5.62 14.31 - 14.42  

N. CENT.

5.58 - 5.84 14.75 - 14.97  

S. CENTRAL

5.50 - 5.79 14.74 - 14.88  

WABASH 

5.40 - 5.55 14.13 - 14.22 6.00 - 6.14

W.S. WEST

4.56 - 4.78 14.07 - 14.21  6.00 - 6.19

L. EGYPT

4.89 - 5.10 14.12 - 14.23 5.94 - 6.03

Central Illinois average price

Corn:  5.67 (+ 97 1/2 Z)
Soybeans:
14.85 1/2 (+133 X)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.44 - 4.57 13.22 - 13.38  

WESTERN 

4.42 - 4.52 13.22 - 13.27  

N. CENT.

4.43 - 4.55 13.27 - 13.36  

S. CENTRAL

4.45 - 4.56 13.28 - 13.41  

WABASH 

4.40 - 4.55 13.30 - 13.38  

W.S. WEST

4.41 - 4.52 13.38 - 13.47  

L. EGYPT

4.44 - 4.49 13.30 - 13.38  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

8/29/2013

8/22/2013

  Price--Basis Price--Basis

Corn

5.98 1/2 +100U 

6.22 1/2 +135U

Soybeans

14.96 +128X

14.12 1/2 +126X

Annual Comparison

 

July 2013 

August 2012

  Price--Basis Price--Basis

Corn

6.60 1/2 +132U

8.15 +11 1/2U

Soybeans

15.19 +85 1/2Q

17.09 +44 1/2X

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

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