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Illinois country grain prices were
sharply higher on Monday afternoon.
Strong cash markets and a wet
extended weather forecast supported higher corn and soybean
futures on Monday.
According to the Weekly Crop
Progress report from the National Ag Statistics Service, the US
corn Crop was 28% planted, compared to the five year average of
65%.
Illinois producers were 17%
complete, compared to 64% for the five year average.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 20 cents higher at 6.79-6.95.
Soybean bids were 25 to 29 cents
higher at 14.80-15.00.
In Central Illinois country grain dealers quoted shelled corn
bids were 17 to 21 cents higher at 6.77-6.92.
Soybean bids were 21 to 25 cents
higher at 15.01-15.19.
In the Southern part of the state, shelled corn bids were mostly
20 to 24 cents higher at 6.79-7.04.
Soybean bids were 28 to 30 cents
higher at 15.00-15.22.
Wheat bids were 9 to 11 cents
higher at 6.90-7.18.
[to top of second column] |
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 |
6.79 - 6.89 |
14.80 - 14.93 |
|
|
WESTERN |
6.79 - 6.95 |
14.83 - 15.00 |
|
|
N. CENT. |
6.82 - 6.92 |
15.04 - 15.15 |
|
|
S. CENTRAL |
6.77 - 6.91 |
15.01 - 15.19 |
|
|
WABASH |
6.85 - 7.00 |
15.00 - 15.11 |
6.90 - 6.97 |
|
W.S. WEST |
6.79 - 6.93 |
15.11 - 15.22 |
6.95 - 7.13 |
|
L. EGYPT |
6.91 - 7.04 |
15.01 - 15.15 |
7.00 - 7.18 |
Central Illinois average price
Corn: 6.84 1/2 (+29 N)
Soybeans:
15.10 (+91 N)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.05 - 5.19 |
11.72 - 11.80 |
|
|
WESTERN |
5.05 - 5.15 |
11.72 - 11.78 |
|
|
N. CENT. |
5.06 - 5.20 |
11.80 - 11.98 |
|
|
S. CENTRAL |
5.05 - 5.21 |
11.81 - 11.97 |
|
|
WABASH |
5.11 - 5.21 |
11.85 - 11.98 |
6.80 - 6.90 |
|
W.S. WEST |
5.10 - 5.31 |
11.86 - 11.95 |
6.93 - 7.07 |
|
L. EGYPT |
5.10 - 5.24 |
11.85 - 11.99 |
6.80 - 6.92 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
5/9/2013 |
5/2/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.79 1/2
+31N |
6.87 1/2 +25
1/2N |
|
Soybeans |
14.97 1/2 +89N |
14.44 1/2 +71 1/2N |
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] |
