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Illinois grain prices in country elevators

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[August 30, 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.

A slight chance of rain in the extended weather forecast was enough to push grain lower.

Some traders were also evening positions ahead of the Labor Day holiday on Monday.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 5 to 10 cents lower at 5.80-6.20.

Soybean bids were steady to 9 cents lower at 14.55-14.66.

In Central Illinois country grain dealers quoted shelled corn bids were lower at 5.74-6.23.

Soybean bids were 3 to 7 cents lower at 14.88-15.04.

In the Southern part of the state, shelled corn bids were 12 to 23 cents lower at 5.62-6.07.

Soybean bids were mixed at 14.45-14.76.

Wheat bids were mixed at 6.06-6.30.

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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

5.99 - 6.20 14.55 - 14.66  

WESTERN 

5.80 - 6.03 14.58 - 14.60  

N. CENT.

6.04 - 6.23 14.88 - 14.98  

S. CENTRAL

5.74 - 5.85 14.98 - 15.04  

WABASH 

5.82 - 5.97 14.48 - 14.50 6.10 - 6.22

W.S. WEST

5.64 - 6.07 14.51 - 14.76 6.15 - 6.30

L. EGYPT

5.62 - 5.67 14.45 - 14.54 6.06 - 6.11

Central Illinois average price

Corn:  5.98 1/2 (+100 U)
Soybeans:
14.96 (+128 X)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.55 - 4.67 13.34 - 13.49  

WESTERN 

4.50 - 4.59 13.31 - 13.39  

N. CENT.

4.55 - 4.66 13.43 - 13.60  

S. CENTRAL

4.55 - 4.68 13.48 - 13.57  

WABASH 

4.56 - 4.67 13.49 - 13.59  

W.S. WEST

 4.55 - 4.67 13.54 - 13.68  

L. EGYPT

4.56 - 4.58 13.47 - 13.59  

***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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