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Illinois grain prices in country elevators

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[March 19, 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, with corn higher and wheat and soybeans lower.

Soybean futures fell due to technical trading at the Board of Trade and weaker export demand.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly steady to 3 cents higher at 7.26-7.52.

Soybean bids were 17 to 19 cents lower at 13.99-14.14.

In Central Illinois country grain dealers quoted shelled corn bids were 3 cents higher at 7.28-7.45.

Soybean bids were 17 cents lower at
14.21-14.35.

In the Southern part of the state, shelled corn bids were mixed at 7.09-7.55.

Soybean bids were 17 to 18 cents lower at 14.07-14.48.

Wheat bids were 10 to 15 cents lower at 7.03-7.28.

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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

7.36 - 7.52 14.03 - 14.12  

WESTERN 

7.26 - 7.35 13.99 - 14.14  

N. CENT.

7.28 - 7.40 14.24 - 14.35  

S. CENTRAL

7.31 - 7.45 14.21 - 14.31  

WABASH 

7.40 - 7.55 14.33 - 14.40 7.08 - 7.22

W.S. WEST

7.09 - 7.35 14.07 - 14.16 7.03 - 7.23

L. EGYPT

7.48 - 7.55 14.40 - 14.48 7.18 - 7.28

Central Illinois average price

Corn:  7.36 1/2 (+16 1/2K)
Soybeans:
14.28 (+18 1/2K)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.28 - 5.41 12.17 - 12.27  

WESTERN 

5.24 - 5.41 12.19 - 12.28  

N. CENT.

5.27 - 5.42 12.18 - 12.28  

S. CENTRAL

5.28 - 5.45 12.29 - 12.39  

WABASH 

5.34 - 5.47 12.29 - 12.35  6.83 - 6.93

W.S. WEST

5.36 - 5.42 12.31 - 12.46 6.94 - 7.07

L. EGYPT

5.37 - 5.47 12.29 - 12.42 6.81 - 6.93

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

3/14/2013

3/7/2013

  Price--Basis Price--Basis

Corn

7.34 1/2 +18K 

7.10 +19K

Soybeans

14.54 +18 1/2K

14.90 1/2 +17K

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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