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Illinois grain prices in country elevators

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[August 08, 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 mostly lower on Wednesday afternoon.

Traders are already positioning themselves for next Monday's USDA report.

Wheat futures fell pressured by weak export interest and light export demand.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mixed at 5.68-5.88.

Soybean bids were mixed at 12.71-13.06.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 5.68-5.88. Soybean bids were mixed at 12.91-13.16.


In the Southern part of the state, shelled corn bids were mostly 4 to 9 cents lower at 5.48-5.73.

Soybean bids were mixed at 12.83-13.06.

Wheat bids were 6 to 7 cents lower at 6.20-6.56.

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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

5.70 - 5.82 12.75 - 13.06  

WESTERN 

5.68 - 5.88 12.71 - 12.92  

N. CENT.

5.68 - 5.86  12.91 - 13.16  

S. CENTRAL

5.81 - 5.88 13.05 - 13.13  

WABASH 

5.58 - 5.73 12.90 - 13.01 6.20 - 6.29

W.S. WEST

5.52 - 5.71  12.83 - 12.90 6.43 - 6.56

L. EGYPT

5.48 - 5.63 12.96 - 13.06  6.24 - 6.29

Central Illinois average price

Corn:  5.78 (+110 U)
Soybeans:
13.03 1/2 (+138 X)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.28 - 4.44 11.30 - 11.46  

WESTERN 

4.26 - 4.36 11.28 - 11.40  

N. CENT.

4.28 - 4.46 11.30 - 11.56  

S. CENTRAL

4.32 - 4.45 11.45 - 11.56  

WABASH 

4.33 - 4.43 11.40 - 11.56  

W.S. WEST

 4.29 - 4.43 11.54 - 11.60  

L. EGYPT

4.33 - 4.37 11.44 - 11.56  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

 8/1/2013

7/25/2013

  Price--Basis Price--Basis

Corn

5.97 +109 1/2U

6.12 +1.16U

Soybeans

13.32 1/2 +140X

13.70 +15Q

Annual Comparison

 

July 2013 

August 2012

  Price--Basis Price--Basis

Corn

6.60 1/2 +132U

8.15 +11 1/2U

Soybeans

15.19 +85 1/2Q

17.09 +44 1/2X

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

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