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Illinois grain prices in country elevators

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[July 30, 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.

Good growing conditions for corn and soybeans plus some rain in the near term forecast helped to push prices lower.

In the cash markets, cash basis stabilized in many cases and had strengthened in some others.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 4 to 7 cents higher at 5.49-5.69.

Soybean bids were 7 to 24 cents higher at 13.25-13.61.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 5.82-6.00.

Soybean bids were mostly 7 to 16 cents lower at 13.36-13.71.

In the Southern part of the state, shelled corn bids were mostly 3 to 6 cents lower at 5.83-6.14.

Soybean bids were mixed at 13.49-13.93.

Wheat bids were steady to 2 cents higher at 6.32-6.54.

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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

5.59 - 5.69 13.25 - 13.30  

WESTERN 

5.49 - 5.69 13.49 - 13.61  

N. CENT.

5.82 - 5.92 13.55 - 13.71  

S. CENTRAL

5.92 - 6.00 13.36 - 13.67  

WABASH 

5.89 - 6.14 13.78 - 13.87 6.32 - 6.43

W.S. WEST

5.83 - 5.94 13.49 - 13.62  6.44 - 6.54

L. EGYPT

5.89 - 6.09 13.88 - 13.93 6.32 - 6.40

Central Illinois average price

Corn:  5.91 (+102 U)
Soybeans:
13.53 1/2 (- 14 Q)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.43 - 4.58 11.86 - 11.94  

WESTERN 

4.39 - 4.51 11.89 - 12.05  

N. CENT.

4.43 - 4.53 11.92 - 12.08  

S. CENTRAL

4.48 - 4.57 12.00 - 12.07  

WABASH 

4.45 - 4.55 11.95 - 12.08  

W.S. WEST

4.51 - 4.63 12.10 - 12.14  

L. EGYPT

4.50 - 4.59 11.97 - 12.10  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

 7/25/2013

 7/18/2013

  Price--Basis Price--Basis

Corn

 6.12 +1.16U  

6.761/2 +1351/2 U

Soybeans

13.70 +15Q 

15.64 +95Q

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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