Illinois grain prices in country elevators

[February 06, 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 mixed on Tuesday afternoon, with soybeans higher and corn and wheat lower.

Strong soybean meal values and good export demand continues to support higher soybean futures.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 5 to 6 cents lower at 7.16-7.34.

Soybean bids were 5 to 7 cents higher at 14.69-14.86.

In Central Illinois country grain dealers quoted shelled corn bids were 5 cents lower at 7.28-7.47.

Soybean bids were 3 to 7 cents higher at
14.92-15.11.

In the Southern part of the state, shelled corn bids were 3 to 5 cents lower at 7.22-7.54.

Soybean bids were 4 to 6 cents higher at 15.01-15.21.

Wheat bids were 5 cents lower at 7.53-7.73.

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	7.16 - 7.34	14.70 - 14.86
WESTERN	7.18 - 7.26	14.69 - 14.84
N. CENT.	7.28 - 7.38	14.92 - 15.09
S. CENTRAL	7.32 - 7.47	15.03 - 15.11
WABASH	7.36 - 7.46	15.08 - 15.16	7.53 - 7.65
W.S. WEST	7.22 - 7.41	15.01 - 15.07	7.61 - 7.70
L. EGYPT	7.44 - 7.54	15.15 - 15.21	7.63 - 7.73

Central Illinois average price

Corn:  7.37 1/2 (+ 8 1/2 H)
Soybeans: 15.02 1/2 (+ 6 H)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA	US 2 CORN	US 1 SOYBEANS	***US 2 SOFT WHEAT
NORTHERN	5.47 - 5.62	13.04 - 13.16
WESTERN	5.50 - 5.60	13.00 - 13.16
N. CENT.	5.50 - 5.65	13.13 - 13.33
S. CENTRAL	5.55 - 5.68	13.18 - 13.25
WABASH	5.60 - 5.70	13.15 - 13.23	7.37 - 7.40
W.S. WEST	5.48 - 5.63	13.23 - 13.34	7.33 - 7.38
L. EGYPT	5.65 - 5.75	13.08 - 13.23	7.37 - 7.46

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of	1/31/2013	1/24/2013
	Price--Basis	Price--Basis
Corn	7.48 + 7 1/2 H	7.28 + 4H
Soybeans	14.82 +13 1/2 H	14.45 1/2 +10H

Annual Comparison

	January 2013	February 2012
	Price--Basis	Price--Basis
Corn	7.17 + 2H	6.41 + 1/2H
Soybeans	14.30 +11H	12.40 -15 H

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