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Illinois grain prices in country elevators

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[April 26, 2013]  SPRINGFIELD -- This is Thursday'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 Thursday afternoon.

Stronger wheat values were supported by technical buying at the Board of Trade and concern with how much damage was done to the western wheat crop due to freezing
temperatures.

Corn was given a boost from weekly export sales figures and the sales announcements this morning by the USDA.

The USDA announced the sale of 240,000 tonnes of new crop US corn to an unknown destination and a sale of 300,000 tonnes to China.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 6 to 10 cents higher at 6.40-6.56.

Soybean bids were 21 to 24 cents higher at 14.17-14.39.

In Central Illinois country grain dealers quoted shelled corn bids were 6 cents higher at 6.42-6.57.

Soybean bids were 27 to 30 cents higher at 14.42-14.57.

In the Southern part of the state, shelled corn bids were 5 to 6 cents higher at 6.33-6.69.

Soybean bids were 16 cents higher at 14.40-14.61.

Wheat bids were 12 cents higher at 6.96-7.12.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.40 - 6.56 14.20 - 14.39  

WESTERN 

 6.43 - 6.51 14.17 - 14.35  

N. CENT.

6.48 - 6.57 14.42 - 14.51  

S. CENTRAL

6.42 - 6.52 14.43 - 14.57  

WABASH 

6.55 - 6.69 14.44 - 14.57 6.96 - 7.12

W.S. WEST

6.33 - 6.42 14.49 - 14.61 6.97 - 7.10

L. EGYPT

6.60 - 6.69 14.40 - 14.54 6.97 - 7.12

Central Illinois average price

Corn:  6.49 1/2 (+ 4 K)
Soybeans:
14.49 1/2 (+26 K)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

 4.97 - 5.16 11.69 - 11.76  

WESTERN 

 4.94 - 5.05 11.68 - 11.74  

N. CENT.

4.94 - 5.11 11.74 - 11.89  

S. CENTRAL

5.04 - 5.13 11.77 - 11.88  

WABASH 

5.03 - 5.13 11.76 - 11.82 6.74 - 6.90

W.S. WEST

4.99 - 5.13 11.80 - 11.91  6.92 - 7.02

L. EGYPT

5.08 - 5.16 11.73 - 11.86 6.84 - 6.93

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

4/18/2013

4/11/2013

  Price--Basis Price--Basis

Corn

6.50 1/2 + 6K  

6.61 1/2 +10 K

Soybeans

14.57 +26 1/2K

14.25 1/2 +23 1/2K

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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