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Illinois grain prices in country elevators

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[March 12, 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 slightly higher on Monday afternoon.

Wheat futures moved up supported by improved export demand and better than expected weekly export inspection figures of 27.9 million bushels.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 5 to 7 cents higher at 7.14-7.30.

Soybean bids were 6 to 11 cents higher at 14.75-14.94.

In Central Illinois country grain dealers quoted shelled corn bids were 4 to 9 cents higher at 7.21-7.36.

Soybean bids were 4 to 9 cents higher at 14.87-15.02.

In the Southern part of the state, shelled corn bids were 6 to 8 cents higher at 7.08-7.46.

Soybean bids were 8 to 9 cents higher at 15.00-15.18. Wheat bids were 3 cents higher at 6.92-7.15.

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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

7.14 - 7.30 14.75 - 14.86  

WESTERN 

7.15 - 7.26 14.78 - 14.94  

N. CENT.

7.21 - 7.33 14.87 - 15.01  

S. CENTRAL

7.24 - 7.36 14.91 - 15.02  

WABASH 

7.33 - 7.46 15.03 - 15.10 6.92 - 7.08

W.S. WEST

7.08 - 7.31 15.00 - 15.14 7.00 - 7.11

L. EGYPT

 7.39 - 7.46 15.10 - 15.18 7.05 - 7.15

Central Illinois average price

Corn:  7.28 1/2 (+17 K)
Soybeans:
14.94 1/2 (+15 K)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.14 - 5.30 12.30 - 12.41  

WESTERN 

5.16 - 5.32 12.30 - 12.40  

N. CENT.

5.18 - 5.29 12.38 - 12.54  

S. CENTRAL

5.20 - 5.34  12.43 - 12.52  

WABASH 

5.26 - 5.39 12.40 - 12.47  6.72 - 6.82

W.S. WEST

 5.19 - 5.35 12.46 - 12.56  6.74 - 6.86

L. EGYPT

5.29 - 5.39 12.40 - 12.50  6.70 - 6.82

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

 3/7/2013

2/28/2013

  Price--Basis Price--Basis

Corn

 7.10 +19K

7.21 1/2 +2H

Soybeans

14.90 1/2 +17K

14.71 1/2 -3H

Annual Comparison

 

February 2013

March 2012

  Price--Basis Price--Basis

Corn

7.15 +7 1/2H

6.46 - 1 1/2K

Soybeans

14.67 +11H

13.33 -19 1/2K

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

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