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Illinois grain prices in country elevators

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[May 08, 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 mostly higher on Tuesday afternoon.

Technical trading at the Board of Trade and strong cash markets helped to move soybean prices higher.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mixed at 6.63-6.74.

Soybean bids were 21 to 24 cents higher at 14.39-14.54.

In Central Illinois country grain dealers quoted shelled corn bids were 5 cents higher at 6.62-6.77.

Soybean bids were 18 to 19 cents higher at
14.59-14.77.

In the Southern part of the state, shelled corn bids were mixed at 6.54-6.80. 

Soybean bids were 13 to 14 cents higher at 14.53-14.68.

Wheat bids were 6 to 7 cents higher at 6.89-7.13.

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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

6.63 - 6.72 14.40 - 14.47  

WESTERN 

6.64 - 6.74 14.39 - 14.54  

N. CENT.

 6.65 - 6.77 14.60 - 14.77  

S. CENTRAL

6.62 - 6.71 14.59 - 14.68  

WABASH 

6.68 - 6.80 14.53 - 14.67  6.89 - 6.96

W.S. WEST

6.54 - 6.60 14.54 - 14.68 7.02 - 7.13

L. EGYPT

6.75 - 6.80 14.58 - 14.67 6.99 - 7.04

Central Illinois average price

Corn: 6.69 1/2 (+29 1/2 N)  
Soybeans:
14.68 (+86 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.05 - 5.17  11.72 - 11.85  

WESTERN 

5.04 - 5.17 11.77 - 11.98  

N. CENT.

5.06 - 5.19 11.80 - 11.85  

S. CENTRAL

5.04 - 5.19  11.85 - 11.97  

WABASH 

5.11 - 5.21  11.85 - 11.90 6.79 - 6.89

W.S. WEST

5.07 - 5.17 11.91 - 11.98  6.89 - 7.08

L. EGYPT

5.16 - 5.24  11.85 - 11.95 6.84 - 6.94

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

5/2/2013

4/25/2013

  Price--Basis Price--Basis

Corn

6.87 1/2 +25 1/2N

6.49 1/2 +4K

Soybeans

14.44 1/2 +71 1/2N

14.49 1/2 +26K

Annual Comparison

 

April 2013

May 2012

  Price--Basis Price--Basis

Corn

6.57 + 8K

6.27 +26K

Soybeans

14.30 +20 1/2K 

14.04 -14K

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

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