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Illinois grain prices in country elevators

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[June 14, 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 mostly lower on Thursday afternoon.

In the weekly export sales report, the USDA reported 149,500 tons of corn were sold for export with 81,500 metric tons for the 2012-2013 marketing year.

Soybean sales totaled 480,600 metric tons.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 6 to 10 cents lower at 6.71-6.86.

Soybean bids were 22 to 31 cents lower at 14.95-15.15.

In Central Illinois country grain dealers quoted shelled corn bids were 6 to 10 cents lower at 6.66-6.83.

Soybean bids were 18 to 31 cents lower at 15.20-15.45.

In the Southern part of the state, shelled corn bids were 6 to 8 cents lower at 6.69-6.92.

Soybean bids were 27 to 32 cents lower at 15.23-15.58. Wheat bids were 2 to 3 cents higher at 6.63-6.89.

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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

6.76 - 6.86 14.95 - 15.06  

WESTERN 

6.71 - 6.83 15.05 - 15.15  

N. CENT.

6.72 - 6.83 15.20 - 15.35  

S. CENTRAL

6.66 - 6.78 15.32 - 15.45  

WABASH 

6.77 - 6.89 15.35 - 15.50 6.63 - 6.72

W.S. WEST

6.69 - 6.89 15.23 - 15.35 6.80 - 6.89

L. EGYPT

6.84 - 6.92 15.50 - 15.58 6.66 - 6.78

Central Illinois average price

Corn:  6.74 1/2 (+31 N)
Soybeans:
15.32 1/2 (+22 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

 5.05 - 5.18 12.62 - 12.71  

WESTERN 

5.01 - 5.13 12.63 - 12.75  

N. CENT.

5.04 - 5.15 12.70 - 12.88  

S. CENTRAL

5.09 - 5.21 12.75 - 12.88  

WABASH 

5.07 - 5.17 12.75 - 12.88  

W.S. WEST

5.09 - 5.22 12.81 - 12.95  

L. EGYPT

5.13 - 5.20  12.81 - 12.91  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

6/6/2013

5/30/2013

  Price--Basis Price--Basis

Corn

6.94 +31N

6.89 +35N

Soybeans

15.52 1/2 +25N

15.31 1/2 +36N

Annual Comparison

 

May 2013

June 2012

  Price--Basis Price--Basis

Corn

6.83 +31N

6.30 +27N

Soybeans

15.10 +72N

14.15 - 7N

[Text copied from USDA-IL Dept of Ag Market News, Springfield]

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