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Illinois grain prices in country elevators

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[April 17, 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 higher on Tuesday afternoon.

Stronger outside markets, lower energy values, and weather forecasts that point to slow planting progress combined to drive prices higher.

Planting progress was reported at 2% complete, well below expectations and the
normal progress of 7% complete.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 15 to 17 cents higher at 6.65-6.73.

Soybean bids were 14 to 18 cents higher at 14.17-14.35.

In Central Illinois country grain dealers quoted shelled corn bids were 9 to 16 cents higher at 6.64-6.78.

Soybean bids were 15 to 20 cents higher at 14.28-14.45.

In the Southern part of the state, shelled corn bids were mostly 10 to 17 cents higher at 6.44-6.88.

Soybean bids were mostly 14 to 17 cents higher at 14.31-14.44.

Wheat bids were 7 to 11 cents higher at 6.95-7.12.


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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

6.65 - 6.73 14.17 - 14.32  

WESTERN 

6.62 - 6.71 14.20 - 14.35  

N. CENT.

6.65 - 6.78  14.32 - 14.45  

S. CENTRAL

6.64 - 6.76 14.28 - 14.40  

WABASH 

6.74 - 6.88 14.31 - 14.40  6.99 - 7.12

W.S. WEST

6.44 - 6.68 14.32 - 14.44 6.95 - 7.10

L. EGYPT

6.83 - 6.87 14.37 - 14.42 7.00 - 7.12

Central Illinois average price

Corn:  6.71 (+ 8 K)
Soybeans:
14.36 1/2 (+25 K)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.07 - 5.18 11.77 - 11.89  

WESTERN 

5.03 - 5.14 11.80 - 11.87  

N. CENT.

5.10 - 5.21 11.85 - 12.06  

S. CENTRAL

5.14 - 5.23 11.95 - 12.04  

WABASH 

5.13 - 5.25 11.89 - 11.95 6.78 - 6.88

W.S. WEST

5.06 - 5.17 11.94 - 12.04 6.94 - 7.09

L. EGYPT

5.16 - 5.26 11.86 - 12.02 6.88 - 6.99

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

4/11/2013

4/4/2013

  Price--Basis Price--Basis

Corn

6.61 1/2 +10K

6.45 1/2 +15 1/2K

Soybeans

14.25 1/2 +23 1/2K

13.91 +19K

Annual Comparison

 

March 2013

April 2012

  Price--Basis Price--Basis

Corn

7.33 +16 1/2K

6.34 - 1/2K

Soybeans

14.62 +17K

14.23 -17 1/2K 

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

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