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Illinois grain prices in country elevators

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[May 31, 2013]  SPRINGFIELD -- This is Thursday'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 lower on Thursday afternoon.

Wheat futures were lower due to lower export demand.

Soybean futures were down despite the announcement that China had purchased 120,000 tonnes of US soybeans for the 2013-2014 marketing year.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 7 to 10 cent lower at 6.86-6.96.

Soybean bids were at 4 to 6 cents lower at 14.90-15.06.

In Central Illinois country grain dealers quoted shelled corn bids were 9 to 11 cents lower at 6.82-6.96.

Soybean bids were 7 to 11 cents lower at 15.21-15.42.

In the Southern part of the state, shelled corn bids were 11 to 13 cents lower at 6.69-7.02.

Soybean bids were 3 to 6 cents lower at 15.16-15.51.

Wheat bids were mostly 4 cents lower at 6.79-7.11.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

6.86 - 6.96 14.90 - 14.98  

WESTERN 

6.86 - 6.93 15.01 - 15.06  

N. CENT.

6.82 - 6.94 15.21 - 15.31  

S. CENTRAL

6.84 - 6.96 15.30 - 15.42  

WABASH 

6.82 - 6.95 15.36 - 15.46 6.79 - 6.84

W.S. WEST

 6.69 - 6.87 15.16 - 15.35 6.98 - 7.11

L. EGYPT

6.94 - 7.02 15.41 - 15.51  6.81 - 6.84

Central Illinois average price

Corn:   6.89 (+35 N)
Soybeans:
15.31 1/2 (+36 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

5.31 - 5.44 12.51 - 12.59  

WESTERN 

5.26 - 5.34 12.51 - 12.64  

N. CENT.

5.32 - 5.43 12.59 - 12.77  

S. CENTRAL

5.31 - 5.49 12.69 - 12.76  

WABASH 

 5.35 - 5.45 12.61 - 12.69 6.79 - 6.81

W.S. WEST

5.35 - 5.45 12.70 - 12.85 6.87 - 7.02

L. EGYPT

5.40 - 5.48 12.60 - 12.77 6.79 - 6.92

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

 5/23/2013

 5/16/2013 

  Price--Basis Price--Basis

Corn

6.951/2 +331/2 N

6.73 +311/2 N

Soybeans

15.351/2 +36N

15.22 +941/2 N 1

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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