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Illinois grain prices in country elevators

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[August 02, 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 lower on Thursday afternoon.

Beneficial weather in the weather forecast for the cornbelt, including rain and moderate temperatures pulled grain prices lower.

Weekly export sales for new crop corn and soybeans were higher than expected but not enough to pull prices higher.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 9 to 11 cents lower at 5.60-5.78.

Soybean bids were 18 to 19 cents lower at 13.13-13.46.

In Central Illinois country grain dealers quoted shelled corn bids were 4 to 9 cents lower at 5.86-6.08.

Soybean bids were 7 to 12 cents lower
at 13.24-13.41.

In the Southern part of the state, shelled corn bids were 11 cents lower at 5.77-6.08.

Soybean bids were mostly 21 to 33 cents lower at 13.32-13.68.


Wheat bids were 5 to 6 cents lower at 6.38-6.69.
 


 

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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

5.60 - 5.73 13.37 - 13.46  

WESTERN 

5.63 - 5.78 13.13 - 13.37  

N. CENT.

5.86 - 5.95 13.26 - 13.41  

S. CENTRAL

5.91 - 6.08 13.24 - 13.41  

WABASH 

5.88 - 6.08 13.37 - 13.43  6.38 - 6.45

W.S. WEST

5.77 - 5.95 13.32 - 13.49  6.60 - 6.69

L. EGYPT

5.77 - 5.98 13.63 - 13.68 6.38 - 6.58

Central Illinois average price

Corn:  5.97 (+109 1/2U)
Soybeans:
13.32 1/2 (+140 X)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.35 - 4.46 11.57 - 11.75  

WESTERN 

4.33 - 4.45 11.55 - 11.67  

N. CENT.

4.37 - 4.45  11.67 - 11.78  

S. CENTRAL

4.42 - 4.54 11.68 - 11.83  

WABASH 

4.42 - 4.49 11.73 - 11.83  

W.S. WEST

4.40 - 4.55 11.81 - 11.87  

L. EGYPT

4.44 - 4.52 11.72 - 11.81  

***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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