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Illinois grain prices in country elevators

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[July 31, 2013]  SPRINGFIELD -- This is Tuesday'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 Tuesday afternoon, with corn and wheat higher and soybeans lower.

Technical trading at the Board of Trade helped to pull corn and wheat futures higher.

Weaker soybean meal values pulled soybean futures lower.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 5 to 9 cents higher at 5.66-5.81.

Soybean bids were 12 to 15 cents lower at 13.13-13.44.

In Central Illinois country grain dealers quoted shelled corn bids were 4 to 6 cents higher at 5.86-6.06.

Soybean bids were 14 to 22 cents lower at 13.22-13.49.

In the Southern part of the state, shelled corn bids were 2 to 6 cents higher at 5.89-6.16.

Soybean bids were 12 to 18 cents lower at 13.37-13.75.

Wheat bids were 3 to 9 cents higher at 6.35-6.65.
 


 


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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

5.68 - 5.81 13.13 - 13.38  

WESTERN 

5.66 - 5.81  13.23 - 13.44  

N. CENT.

5.86 - 5.98 13.34 - 13.49  

S. CENTRAL

5.99 - 6.06 13.22 - 13.43  

WABASH 

5.95 - 6.01 13.60 - 13.70  6.35 - 6.40

W.S. WEST

5.89 - 6.00 13.37 - 13.52  6.52 - 6.65

L. EGYPT

 5.96 - 6.16 13.70 - 13.75 6.35 - 6.46

Central Illinois average price

Corn:  5.96 (+100 1/2U)
Soybeans:
13.35 1/2 (- 14 1/2Q)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

 4.47 - 4.55 11.67 - 11.85  

WESTERN 

4.44 - 4.55 11.63 - 11.78  

N. CENT.

4.47 - 4.51  11.78 - 11.89  

S. CENTRAL

4.52 - 4.61 11.83 - 11.93  

WABASH 

4.50 - 4.60 11.78 - 11.91  

W.S. WEST

4.54 - 4.67 11.96 - 12.05  

L. EGYPT

4.55 - 4.64  11.81 - 11.93  

***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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