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Illinois grain prices in country elevators

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[May 09, 2013]  SPRINGFIELD -- This is Wednesday'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 Wednesday afternoon, with soybeans higher and corn and wheat futures lower.

Technical trading at the Board of Trade
supported soybean futures on Wednesday.

Many traders are already looking forward
to Friday's release of the new Supply Demand forecast by the USDA.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 6 to 7 cents lower at 6.57-6.73.

Soybean bids were mostly 11 to 15 cents higher at 14.51-14.71.

In Central Illinois country grain dealers quoted shelled corn bids were 7 to 8 cents lower at 6.55-6.69.

Soybean bids were mostly 8 to 11 cents higher at 14.67-14.85.

In the Southern part of the state, shelled corn bids were 7 cent lower at 6.47-6.73. Soybean bids were 9 to 11 cents higher at 14.62-14.79.

Wheat bids were 3 to 6 cents lower at 6.86-7.07.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.60 - 6.73 14.51 - 14.62  

WESTERN 

6.57 - 6.67 14.54 - 14.71  

N. CENT.

6.59 - 6.69 14.67 - 14.85  

S. CENTRAL

6.55 - 6.68 14.68 - 14.77  

WABASH 

6.60 - 6.73 14.62 - 14.76  6.86 - 6.93

W.S. WEST

6.47 - 6.54 14.70 - 14.79 6.99 - 7.07

L. EGYPT

6.68 - 6.73 14.66 - 14.76 6.96 - 7.01

Central Illinois average price

Corn:  6.62 (+29 N)
Soybeans:
14.76 (+85 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.98 - 5.11 11.77 - 11.84  

WESTERN 

4.97 - 5.06 11.77 - 11.82  

N. CENT.

4.99 - 5.12 11.80 - 11.97  

S. CENTRAL

5.00 - 5.14 11.85 - 11.96  

WABASH 

5.05 - 5.14 11.84 - 11.89 6.76 - 6.86

W.S. WEST

5.00 - 5.10 11.90 - 11.98 6.86 - 7.02

L. EGYPT

5.09 - 5.17 11.81 - 11.94 6.80 - 6.92

***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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