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Illinois grain prices in country elevators

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[July 16, 2013]  SPRINGFIELD -- This is Monday'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 Monday afternoon, with soybean meal values and a higher than expected soybean crush figure from the National Oilseed Processors Association supported higher soybean prices.

A weather forecast supporting good growing conditions for corn weighed on corn futures.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 15 to 16 cents lower at 6.52-6.74.

Soybean bids were mixed at 15.08-15.35.

In Central Illinois country grain dealers quoted shelled corn bids were 12 cents lower at 6.63-6.83.

Soybean bids were 22 to 25 cents higher
at 15.56-15.75.

In the Southern part of the state, shelled corn bids were 9 to 19 cents lower at 6.55-6.83.

Soybean bids were mixed at 15.39-16.09. Wheat bids were down 9 to 10 cents at 6.45-6.60.


 

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

 6.52 - 6.65 15.08 - 15.22  

WESTERN 

 6.67 - 6.74 15.24 - 15.35  

N. CENT.

 6.63 - 6.83 15.56 - 15.61  

S. CENTRAL

6.68 - 6.74  15.63 - 15.75  

WABASH 

6.76 - 6.83 15.80 - 15.89 6.45 - 6.51

W.S. WEST

6.55 - 6.77 15.39 - 15.50  6.47 - 6.57

L. EGYPT

 6.76 - 6.83 15.84 - 16.09 6.53 - 6.60

Central Illinois average price

Corn:  6.73 (+137 U)
Soybeans:
15.65 1/2 (+112 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.73 - 4.89 12.25 - 12.34  

WESTERN 

4.70 - 4.82 12.32 - 12.39  

N. CENT.

4.73 - 4.89 12.34 - 12.46  

S. CENTRAL

4.77 - 4.91 12.39 - 12.54  

WABASH 

4.78 - 4.86 12.40 - 12.54  

W.S. WEST

4.82 - 4.94 12.51 - 12.69  

L. EGYPT

 4.81 - 4.90 12.44 - 12.54  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

7/11/2013

 7/3/2013

  Price--Basis Price--Basis

Corn

7.06 +145U

6.76 1/2 +144U

Soybeans

15.98 +126Q

15.80 +139Q

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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