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Illinois grain prices in country elevators

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[August 23, 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 mostly lower on Thursday afternoon.

Scattered showers in some parts of the cornbelt weakened corn and soybean futures.

In the cash markets, the cash corn basis continued to move higher at some corn processors, with basis up 15 to 19 cents at many locations.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were down 15 to 20 cents at 5.91-6.20.

Soybean bids were 18 to 21 cents lower at 13.66-13.92.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 6.07-6.38.

Soybean bids were 16 to 22 cents lower at 14.00-14.25.

In the Southern part of the state, shelled corn bids were 12 to 22 cents lower at 5.56-5.93. Soybean bids were 15 to 20 cents lower at 13.60-13.87.

Wheat bids were down 8 to 10 cents at 5.96-6.16.
 


 

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.07 - 6.20 13.66 - 13.79  

WESTERN 

5.91 - 6.11 13.67 - 13.92  

N. CENT.

6.07 - 6.24 14.00 - 14.22  

S. CENTRAL

6.22 - 6.38 14.15 - 14.25  

WABASH 

5.88 - 5.93 13.60 - 13.67 6.00 - 6.16

W.S. WEST

5.64 - 5.93 13.76 - 13.87 6.04 - 6.15

L. EGYPT

5.56 - 5.73 13.67 - 13.77 5.96 - 6.06

Central Illinois average price

Corn:  6.22 1/2 (+135 U)
Soybeans:
14.12 1/2 (+126 X)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.39 - 4.53 12.51 - 12.67  

WESTERN 

 4.35 - 4.44 12.49 - 12.77  

N. CENT.

4.39 - 4.51 12.62 - 12.77  

S. CENTRAL

4.39 - 4.51 12.63 - 12.76  

WABASH 

4.40 - 4.50 12.67 - 12.77  

W.S. WEST

4.37 - 4.53 12.69 - 12.85  

L. EGYPT

4.39 - 4.42 12.65 - 12.74  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

8/15/2013

8/8/2013

  Price--Basis Price--Basis

Corn

6.03 1/2 +122U

5.85 1/2 +112U

Soybeans

14.09 1/2 +144X 

13.32 +146X

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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