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Illinois grain prices in country elevators

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[January 04, 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. 

Soybean futures were weakened by another cancellation of US soybeans by China.

Today, another sale of 315,000 tonnes of US soybeans were cancelled.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mixed at 6.70-6.82.

Soybean bids were mostly 4 to 8 cents lower at 13.61-13.85.

In Central Illinois country grain dealers quoted shelled corn bids were 1 to 3 cents lower at 6.82-6.99.

Soybean bids were 6 to 8 cents lower at
13.84-14.01.

In the Southern part of the state, shelled corn bids were mixed at 6.70-7.09.

Soybean bids were 3 to 6 cents lower at 14.04-14.20.

Wheat bids were mixed at 7.44-7.60.


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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

6.70 - 6.80 13.80 - 13.85  

WESTERN 

6.75 - 6.82 13.61 - 13.79  

N. CENT.

6.82 - 6.91 13.84 - 14.01  

S. CENTRAL

6.91 - 6.99 13.91 - 13.99  

WABASH 

6.93 - 7.04 14.04 - 14.20 7.51 - 7.60

W.S. WEST

6.70 - 6.84 14.07 - 14.17 7.51 - 7.55

L. EGYPT

6.99 - 7.09 14.06 - 14.17 7.44 - 7.56

Central Illinois average price

Corn:  6.87 (- 2 H)
Soybeans:
13.92 1/2 (+ 6 H)

CONTRACT BIDS FOR JANUARY 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.42 - 5.59 12.47 - 12.57  

WESTERN 

5.42 - 5.52 12.41 - 12.53  

N. CENT.

5.47 - 5.63 12.51 - 12.62  

S. CENTRAL

5.50 - 5.64 12.50 - 12.65  

WABASH 

5.60 - 5.78 12.52 - 12.62  7.39 - 7.41

W.S. WEST

5.34 - 5.46 12.45 - 12.56

7.19 - 7.26

L. EGYPT

5.63 - 5.72

12.37 - 12.42

7.29 - 7.39

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

12/27/2012

12/20/2012

  Price--Basis Price--Basis

Corn

6.92 1/2   +1H

 6.96 1/2 opt H

Soybeans

14.16 -3F

14.03 1/2 - 5 1/2 F

Annual Comparison

 

November 2012

December 2011   

  Price--Basis Price--Basis

Corn

7.39 - 1Z

5.96   -10 H

Soybeans

14.39 -11X

11.23   -20 F

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

 

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