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Illinois grain prices in country elevators

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[July 11, 2013]  SPRINGFIELD -- This is Wednesday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

(Copy)

Illinois country grain prices were mixed on Wednesday afternoon, with corn closing higher and soybeans and wheat lower.

Technical trading at the Board of Trade weakened soybean futures.

Trading was at a slower pace as many traders wanted to even positions ahead of Thursday's release of a new Supply Demand forecast from the USDA.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 2 to 4 cents higher at 6.81-6.99.

Soybean bids were mixed at 15.62-15.86.

In Central Illinois country grain dealers quoted shelled corn bids were 5 to 6 cents higher at 6.89-7.15.

Soybean bids were 3 to 6 cents lower at
15.96-16.15.

In the Southern part of the state, shelled corn bids were mostly 2 cents higher at 6.72-6.97.

Soybean bids were 2 to 3 cents lower at 16.03-16.35.

Wheat bids were 1 to 6 cents higher at 6.54-6.69.

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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

6.84 -- 6.94 15.62 -- 15.78  

WESTERN 

6.81 -- 6.99 15.71 -- 15.86  

N. CENT.

6.89 -- 7.15 15.96 -- 16.10  

S. CENTRAL

6.98 -- 7.09 16.00 -- 16.15  

WABASH 

6.72 -- 6.81 16.10 -- 16.15  6.54 -- 6.69

W.S. WEST

6.72 -- 6.97 16.03 -- 16.11 6.61 -- 6.62

L. EGYPT

6.81 -- 6.94 16.20 -- 16.35 6.59 -- 6.64

Central Illinois average price

Corn:  7.02 (+148 U)
Soybeans:
16.05 1/2 (+141 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.89 -- 5.07 12.44 -- 12.55  

WESTERN 

4.88 -- 5.00 12.47 -- 12.60  

N. CENT.

 4.90 -- 5.02 12.54 -- 12.68  

S. CENTRAL

4.95 -- 5.09 12.66 -- 12.72  

WABASH 

 4.97 -- 5.04 12.60 -- 12.75  

W.S. WEST

4.99 -- 5.11 12.70 -- 12.80  

L. EGYPT

4.99 -- 5.08 12.68 -- 12.75  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

7/3/2013

6/27/2013

  Price--Basis Price--Basis

Corn

 6.761/2 +144U

7.00 +33N

Soybeans

15.80 +139Q 

15.641/2+16N

Annual Comparison

 

June 2013

July 2012

  Price--Basis Price--Basis

Corn

 6.94 +32N

7.85 +251/2 U

Soybeans

15.49 +24 1/2 N

16.60 -23Q

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

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