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Illinois grain prices in country elevators

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[July 26, 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 lower on Thursday afternoon, with soybeans sharply lower.

Soybean futures were pulled lower by weak soybean meal values and speculator selling.

In the cash market, cash basis continues to be weak for soybeans, but corn values also went lower today.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were sharply lower at 5.56-6.36.

Soybean bids were sharply lower at 13.30-13.68.

In Central Illinois country grain dealers quoted shelled corn bids were 20 to 50 cents lower at 5.88-6.36.

Soybean bids were sharply lower at

13.57-13.83.

In the Southern part of the state, shelled corn bids were sharply lower at 5.95-6.36.

Soybean bids were sharply lower at 13.39-13.85. Wheat bids
were 4 cents lower at 6.29-6.48.

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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

5.56 - 5.76 13.30 - 13.58  

WESTERN 

6.17 - 6.36 13.49 - 13.68  

N. CENT.

5.88 - 6.11 13.57 - 13.83  

S. CENTRAL

5.99 - 6.36 13.60 - 13.80  

WABASH 

5.96 - 6.21 13.70 - 13.85 6.29 - 6.34

W.S. WEST

5.95 - 6.36 13.39 - 13.51 6.40 - 6.48

L. EGYPT

5.96 - 6.26 13.65 - 13.85  6.29 - 6.37

Central Illinois average price

Corn:  6.12 (+116 U)
Soybeans:
13.70 (+ 15 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.49 - 4.64 11.90 - 12.06  

WESTERN 

4.45 - 4.56 11.90 - 12.19  

N. CENT.

4.48 - 4.59 11.94 - 12.12  

S. CENTRAL

4.53 - 4.66 12.06 - 12.14  

WABASH 

4.51 - 4.61 12.00 - 12.14  

W.S. WEST

4.55 - 4.64 12.15 - 12.30  

L. EGYPT

4.56 - 4.65 12.01 - 12.14  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

7/11/2013

7/11/2013

  Price--Basis Price--Basis

Corn

6.76 1/2 +135 1/2U

7.06 +145U

Soybeans

15.64 + 95Q

15.98 +126Q

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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