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Illinois grain prices in country elevators

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[August 01, 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.
Stronger demand and export interest supported higher wheat values.
Soybean futures gained strength from the sale of 120,000 tonnes of US soybeans to an unknown destination.
In Northern and Western Illinois country grain dealers quoted shelled corn bids were 3 to 8 cents higher at 5.69-5.89.
Soybean bids were mostly 19 to 24 cents higher at 13.32-13.68.
In Central Illinois country grain dealers quoted shelled corn bids were 6 to 11 cents higher at 5.97-6.12.

Soybean bids were 4 to 9 cents higher at 13.31-13.53.
In the Southern part of the state, shelled corn bids were mostly 3 cents higher at 5.88-6.19.
Soybean bids were mostly 14 to 21 cents
higher at 13.38-13.96.
Wheat bids were 9 cents higher at 6.44-6.74.

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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

5.71 - 5.83 13.54 - 13.64  

WESTERN 

5.69 - 5.89 13.32 - 13.68  

N. CENT.

5.97 - 6.05 13.41 - 13.53  

S. CENTRAL

6.02 - 6.12 13.31 - 13.47  

WABASH 

5.98 - 6.19 13.80 - 13.94 6.44 - 6.49

W.S. WEST

5.88 - 6.05 13.38 - 13.58  6.59 - 6.74

L. EGYPT

5.89 - 6.09 13.84 - 13.96 6.44 - 6.64

Central Illinois average price

Corn:  6.04 1/2 (+105 1/2U)
Soybeans:
13.42 (- 32 Q)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.49 - 4.58 11.70 - 11.88  

WESTERN 

4.45 - 4.57  11.68 - 11.76  

N. CENT.

 4.48 - 4.57 11.81 - 11.92  

S. CENTRAL

4.53 - 4.64 11.82 - 11.96  

WABASH 

4.54 - 4.61 11.81 - 11.96  

W.S. WEST

4.56 - 4.68 11.99 - 12.02  

L. EGYPT

4.56 - 4.65 11.81 - 11.96  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

 7/25/2013

 7/18/2013

  Price--Basis Price--Basis

Corn

 6.12 +1.16U  

6.761/2 +1351/2 U

Soybeans

13.70 +15Q 

15.64 +95Q

Annual Comparison

 

June 2013

July 2012

  Price--Basis Price--Basis

Corn

 6.94 +32N

7.85 +251/2 U

Soybeans

15.49 +24 1/2 N

16.60 -23Q

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

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