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Illinois grain prices in country elevators

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[October 01, 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 lower on Monday afternoon the 30th.

With the USDA Quarterly stocks report showing more corn than the highest pretrade estimate and the amount of soybeans equal to the highest pretrade estimate, the results were a lower market.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 9 to 17 cents lower at 4.09-4.37.

Soybean bids were 31 to 52 cents lower at 12.52-12.63.

In Central Illinois country grain dealers quoted shelled corn bids were down 13 to 17 cents at 4.10-4.28. Soybean bids were 32 to 37 cents lower at 12.53-12.77.

In the Southern part of the state, shelled corn bids were 12 cents lower at 4.10-4.27.

Soybean bids were 37 to 39 cents lower at 12.56-12.81.

Wheat bids were 4 cents lower at 6.26-6.53.

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

4.22 - 4.37 12.55 - 12.63  

WESTERN 

4.09 - 4.19 12.52 - 12.58  

N. CENT.

 4.18 - 4.28 12.58 - 12.77  

S. CENTRAL

4.10 - 4.24 12.53 - 12.63  

WABASH 

4.12 - 4.27 12.56 - 12.68 6.36 - 6.39

W.S. WEST

4.13 - 4.25 12.70 - 12.81 6.42 - 6.53

L. EGYPT

4.10 - 4.13 12.56 - 12.63 6.26 - 6.36

Central Illinois average price

Corn:  4.19 (-22 1/2 Z)
Soybeans:
12.65 (-17 1/2 X)

CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.20 - 4.25 12.55 - 12.71  

WESTERN 

4.17 - 4.25 12.70 - 12.81  

N. CENT.

4.23 - 4.39 12.71 - 12.85  

S. CENTRAL

4.27 - 4.42 12.70 - 12.90  

WABASH 

4.32 - 4.41 12.70 - 12.90  

W.S. WEST

4.32 - 4.46 12.94 - 13.04  

L. EGYPT

4.28 - 4.36 12.73 - 12.90  

 

Cent. Ill. Average Price at Country Elevators

Week of

9/19/2013

9/12/2013

  Price--Basis Price--Basis

Corn

4.50 -9 1/2Z

4.94 1/2 +28Z

Soybeans

13.56 1/2 +17X

14.83 +87X 1

Annual Comparison

 

August 2013  

September 2012

  Price--Basis Price--Basis

Corn

5.98 1/2 +115U

7.69 1/2 +6Z

Soybeans

14.00 +135 1/2X

16.71 -4 1/2 X

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

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