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Illinois grain prices in country elevators

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[August 28, 2013]  SPRINGFIELD -- This is Tuesday'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 Tuesday afternoon.

Technical trading at the Board of Trade and some profit taking by speculators weakened corn and soybean futures.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were down 9 to 20 cents at 6.10-6.25.

Soybean bids were 19 cents lower at 14.50-14.75.

In Central Illinois country grain dealers quoted shelled corn bids were 19 to 25 cents lower at 5.91-6.29.

Soybean bids were 19 cents lower at 14.88-15.06.

In the Southern part of the state, shelled corn bids were 8 to 16 cents lower at 5.70-6.45.

Soybean bids were 19 to 36 cents lower at 14.50-14.66.

Wheat bids were down 4 to 9 cents at 6.16-6.31.
 

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.20 - 6.25 14.50 - 14.67  

WESTERN 

6.10 - 6.19 14.69 - 14.75  

N. CENT.

6.12 - 6.29 14.88 - 15.00  

S. CENTRAL

5.91 - 6.03 14.99 - 15.06  

WABASH 

5.85 - 6.00 14.50 - 14.51 6.20 - 6.31

W.S. WEST

6.35 - 6.45 14.52 - 14.66 6.22 - 6.31

L. EGYPT

5.70 - 5.85 14.50 - 14.56 6.16 - 6.26

Central Illinois average price

Corn:  6.10 (+110 U)
Soybeans:
14.97 (+126 1/2X)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.60 - 4.76 13.40 - 13.56  

WESTERN 

4.59 - 4.74 13.40 - 13.45  

N. CENT.

4.60 - 4.72 13.45 - 13.62  

S. CENTRAL

4.60 - 4.72 13.51 - 13.58  

WABASH 

4.58 - 4.71 13.50 - 13.61  

W.S. WEST

4.59 - 4.73 13.55 - 13.69  

L. EGYPT

4.60 - 4.61 13.50 - 13.61  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

8/22/2013

8/15/2013

  Price--Basis Price--Basis

Corn

6.22 1/2 +135U

6.03 1/2 +122U

Soybeans

14.12 1/2 +126X 

14.09 1/2 +144X

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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