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Illinois grain prices in country elevators

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[September 07, 2013]  SPRINGFIELD -- This is Friday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.


Illinois country grain prices were mixed on Friday afternoon.

Technical buying at the Board of Trade helped to lift grain prices.

Larger than expected weekly export sales figures also helped to push soybean futures higher.

Traders are now looking forward to next Thursday's USDA crop report.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 1 to 3 cents lower at 5.08-5.40.

Soybean bids were mixed at 14.28-14.60.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 5.30-5.63.

Soybean bids were steady to 1 cent higher at 14.87-15.07.

In the Southern part of the state, shelled corn bids were mixed at 4.87-5.29.

Soybean bids were 7 to 9 cents higher at 14.28-14.58.

Wheat bids were up 8 to 10 cents at 6.03-6.15.

Grain futures ended lower this week at the Board of Trade.

Soybean futures started Tuesday sharply higher supported by lighter than expected rainfall over the long holiday weekend and a dry extended weather forecast for the balance of the week.

Traders have closely watched the weather forecast and have traded the market on the information in that forecast.

Other than the weather, the grain markets have had very little fresh news to help move prices.

This week's Illinois Weather and Crops report, released by the Illinois Field office of the National Ag Statistics Service, saw another decline in crop conditions, especially the soybean crop.

As of September 1st, the Illinois corn crop placed 57% in the good to excellent category, down 2% from one week ago.

The Illinois soybean crop was 8% lower from last week at 52% good to excellent category.

Topsoil moisture declined 8% with 23% adequate, 0% surplus and 77% very short to short.

The warm and dry weather was helping the corn crop to mature, but it's still slightly behind the five year average.

This week there was 93% in the dough stage, compared to 99% last year and the five year average of 94%.

There was 46% in the dent stage, compared to 94% last year and 69% for the five year average.

There were several reports of farmers shelling corn and starting to harvest their 2013 corn crop.

Most of the activity was happening in the southeastern area of the state.

There was 91% of the state's soybean crop setting pods, compared to 99% last year and 97% for the five year average.

There was 4% of the soybean crop turning yellow, compared to 38% last year and 20% for the five year average.

Pasture conditions continued to fall rapidly, with 29% very poor to poor, with 43% fair and 28% rated good to excellent.

The trading in the cash grain market was slow to moderate this week.

Cash basis levels for soybeans were steady to firm at the processors, while the river terminals were lower.

The cash corn basis was sharply lower.

With the switching of the cash basis month from September (U) to December (Z) in corn this week, it was impossible to measure, but the drop was sudden and severe if you were a seller.

In many cases the corn basis fell 35 to 45 cents a bushel, with some instances up to 70 cents.

Corn processors and river terminals alike are anxiously anticipating the arrival of the 2013 corn crop.

With some producers starting in the southern areas of the state this week, many more will follow in the next couple of weeks.

The Central Illinois Soybean Processors cash bids were up 4 to 9 cents to 15.12-15.37, with basis 5 to 10 cents higher ranging from +145X to +170X.

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At the Central Illinois Corn Processors cash bids were 56 to 66 cents lower ranging from 5.31-5.51, with basis ranging from +70Z to +90Z.

At the Illinois River terminals south of Peoria, cash corn bids were down 66 to 80 cents ranging from 5.16-5.41, with basis ranging from +55Z to +80Z.

Cash soybean bids lost 11 to 12 cents with bids ranging from 14.57-14.72, with basis down 10 to 11 cents ranging from +90X to +105X.

Wheat bids were 10 to 11 cents lower ranging from 5.95-6.05, with basis at -45Z to -35Z.

At the Illinois River terminals north of Peoria, cash corn bids dropped 86 to 91 cents to 5.21-5.41, with basis at +60Z to +80Z.

Cash soybean bids were down 11 to 13 cents to range from 14.75-14.82, with basis falling 10 to 12 cents ranging from +108X to +115X.

Wheat bids were 26 to 34 cents lower ranging from 5.90-5.95, with basis at -50Z to -45Z.

At the St. Louis terminals cash corn bids closed 93 to 99 cents lower ranging from 4.84-5.01, with soybeans down 30 to 89 cents ranging from 14.17-14.41.

Cash bids for Soft Red Winter wheat were 21 cents lower at 6.14-6.15 and cash sorghum bids were 20 cents lower at 4.85-4.86.

In northern and western Illinois, cash corn bids to producers at country elevators were 69 to 79 cents lower at 5.11-5.41, with central Illinois locations 48 to 57 cents lower at 5.26-5.66 and in southern Illinois bids were 71 to 82 cents lower ranging from 4.80-5.36.

Cash soybean bids in northern and western locations were down 9 to 20 cents at 14.35-14.57, with central Illinois bids mixed at 14.86-15.07 and southern Illinois bids fell 25 to 29 cents ranging from 14.20-14.47.

Cash wheat bids for Soft Red Winter wheat in southern Illinois lost 13 to 22 cents ranging from 5.93-6.08.


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


US 2


US 1


 US 2




5.28 - 5.40 14.28 - 14.48  


5.08 - 5.15 14.47 - 14.60  


 5.51 - 5.63 14.87 - 15.07  


5.30 - 5.48 14.88 - 15.02  


5.03 - 5.18 14.28 - 14.38 6.05 - 6.16


5.23 - 5.29 14.39 - 14.58 6.08 - 6.15


4.87 - 4.98 14.28 - 14.38 6.03 - 6.08

Central Illinois average price

Corn:  5.46 1/2 (+ 78 Z)
14.97 (+129 X)



US 2


US 1


 ***US 2




4.43 - 4.57 13.33 - 13.47  


4.40 - 4.48 13.30 - 13.43  


4.43 - 4.51 13.45 - 13.60  


4.42 - 4.54 13.48 - 13.56  


4.40 - 4.53 13.45 - 13.53  


4.42 - 4.55 13.52 - 13.65  


4.42 - 4.48 13.45 - 13.53  

***June/July 2013 delivery

Cent. Ill. Average Price at Country Elevators

Week of



  Price--Basis Price--Basis


5.46 +85Z

5.98 1/2 +100U


14.96 +129X

14.96 +128X

Annual Comparison


August 2013  

September 2012

  Price--Basis Price--Basis


5.98 1/2 +115U

7.69 1/2 +6Z


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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