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Illinois grain prices in country elevators

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[July 18, 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 mixed on Wednesday afternoon, with soybeans mostly higher and corn and wheat lower.

A favorable weather forecasts for next week weakened corn futures.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 3 to 5 cents lower at 6.60-6.83.

Soybean bids were mostly 1 to 2 cents higher at 15.36-15.68.

In Central Illinois country grain dealers quoted shelled corn bids were steady to 1 cent higher at 6.65-6.88.

Soybean bids were mixed at 15.65-15.78.

In the Southern part of the state, shelled corn bids were 6 to 7 cents lower at 6.72-6.89.

Soybean bids were 3 to 7 cents higher at 15.58-16.08.

Wheat bids were mixed at 6.45-6.65.

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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

6.60 - 6.77 15.36 - 15.50  

WESTERN 

6.68 - 6.83 15.52 - 15.68  

N. CENT.

6.65 - 6.88 15.65 - 15.78  

S. CENTRAL

6.71 - 6.79 15.68 - 15.78  

WABASH 

6.79 - 6.89 15.94 - 16.08 6.45 - 6.65

W.S. WEST

6.72 - 6.78 15.58 - 15.70 6.47 - 6.53

L. EGYPT

 6.79 - 6.89 15.98 - 16.08 6.45 - 6.56

Central Illinois average price

Corn:  6.76 1/2 (+138 U)
Soybeans:
15.71 1/2 (+ 94 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.72 - 4.87 12.46 - 12.64  

WESTERN 

4.68 - 4.80 12.51 - 12.75  

N. CENT.

4.71 - 4.92 12.55 - 12.71  

S. CENTRAL

4.75 - 4.89 12.65 - 12.76  

WABASH 

4.75 - 4.84 12.59 - 12.74  

W.S. WEST

4.80 - 4.94 12.70 - 12.78  

L. EGYPT

4.79 - 4.88 12.64 - 12.74  

***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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