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Illinois grain prices in country elevators

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[July 05, 2013]  SPRINGFIELD -- This is Wednesday'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 higher on Wednesday afternoon.

Stronger wheat futures were supported by the announced sale of 360,000 tonnes
of US wheat to China for the 2013-2014 marketing year.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were steady to 5 cents higher at 6.46-6.67.

Soybean bids were mostly 8 to 12 cents higher at 15.58-15.80.

In Central Illinois country grain dealers quoted shelled corn bids were steady to 2 cents higher at 6.57-6.96.

Soybean bids were mostly 4 to 6 cents higher at 15.76-15.84.

In the Southern part of the state, shelled corn bids were mostly 5 to 6 cents higher at 6.38-6.72.

Soybean bids were mostly 7 to 8 cents higher at 15.77-16.12.

Wheat bids were mostly 7 to 8 cents higher at 6.37-6.60.


 

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.46 - 6.62 15.58 - 15.68  

WESTERN 

 6.48 - 6.67 15.67 - 15.80  

N. CENT.

6.57 - 6.84 15.76 - 15.84  

S. CENTRAL

6.88 - 6.96 15.76 - 15.84  

WABASH 

6.50 - 6.59 15.88 - 15.92 6.37 - 6.43

W.S. WEST

6.38 - 6.67  15.77 - 15.97 6.43 - 6.60

L. EGYPT

6.60 - 6.72 16.01 - 16.12  6.40 - 6.50

Central Illinois average price

Corn:  6.76 1/2 (+144 U)
Soybeans:
15.80 (+139 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.71 - 4.78 12.13 - 12.20  

WESTERN 

4.69 - 4.81 12.13 - 12.25  

N. CENT.

4.71 - 4.77 12.20 - 12.31  

S. CENTRAL

4.77 - 4.90 12.32 - 12.38  

WABASH 

4.75 - 4.85 12.25 - 12.41  

W.S. WEST

4.79 - 4.91 12.38 - 12.53  

L. EGYPT

4.80 - 4.89 12.34 - 12.41  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

6/27/2013

6/20/2013

  Price--Basis Price--Basis

Corn

7.00 +33N 

7.09 +36N

Soybeans

15.64 1/2 +16N 

15.31 1/2 +34 1/2N

Annual Comparison

 

May 2013

June 2012

  Price--Basis Price--Basis

Corn

6.83 +31N

6.30 +27N

Soybeans

15.10 +72N

14.15 - 7N

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

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