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Illinois grain prices in country elevators

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[February 22, 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 mixed on Thursday afternoon, with soybeans higher and corn and wheat lower.

Soybean values were supported by export sales and stronger soybean meal values. Beneficial moisture from the major snow storm in the plains states weighed on wheat prices.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 8 to 9 cents lower at 6.84-7.07.

Soybean bids were 6 to 8 cents higher at 14.70-14.88.

In Central Illinois country grain dealers quoted shelled corn bids were 10 cents lower at 6.91-7.09.

Soybean bids were up 5 to 8 cents at 14.92-15.01.

In the Southern part of the state, shelled corn bids were 9 to 10 cents lower at 6.87-7.16.

Soybean bids were 4 to 5 cents higher at 14.97-15.13.

Wheat bids were mostly 17 to 18 cents lower at 7.16-7.40.

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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

 6.85 - 7.07 14.75 - 14.81  

WESTERN 

6.84 - 6.95 14.70 - 14.88  

N. CENT.

6.91 - 7.00 14.93 - 14.98  

S. CENTRAL

7.00 - 7.09 14.92 - 15.01  

WABASH 

6.98 - 7.16 15.00 - 15.07 7.16 - 7.29

W.S. WEST

6.87 - 6.94 14.97 - 15.05 7.23 - 7.40

L. EGYPT

7.06 - 7.16 15.07 - 15.13  7.26 - 7.36

Central Illinois average price

Corn:  7.00 (+ 9 H)
Soybeans:
14.96 1/2 (+ 9 H)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.15 - 5.34 12.37 - 12.47  

WESTERN 

5.16 - 5.29 12.33 - 12.45  

N. CENT.

5.15 - 5.30 12.36 - 12.47  

S. CENTRAL

5.20 - 5.34 12.42 - 12.54  

WABASH 

5.24 - 5.34 12.44 - 12.60  6.96 - 7.00

W.S. WEST

5.25 - 5.30 12.53 - 12.63 6.81 - 6.92

L. EGYPT

5.29 - 5.39 12.47 - 12.60 6.82 - 6.96

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

2/14/2013 2/7/2013
  Price--Basis Price--Basis

Corn

7.03 1/2 +9H

7.20 1/2 +10H

Soybeans

14.27 1/2 +9 1/2H

14.94 1/2 + 8H

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]

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