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Illinois grain prices in country elevators

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[October 26, 2013]  SPRINGFIELD -- This is Friday'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 Friday afternoon.

Harvest pressure and big yields weighed on corn and soybeans today.

Wheat was lower on technical trading.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were steady to 3 cents lower at 4.12-4.25.

Soybean bids were down 10 to 18 cents at 12.68-12.84.

In Central Illinois country grain dealers quoted shelled corn bids were steady to 1 cent higher at 4.17-4.33.

Soybean bids were 5 to 10 cents lower at 12.76-12.92.

In the Southern part of the state, shelled corn bids were steady to 2 cents higher at 4.05-4.33.

Soybean bids were 8 to 9 cents lower at 12.73-13.06.

Wheat bids were 2 to 6 cents lower at 6.48-6.85.


 


 

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

4.12 - 4.25 12.68 - 12.76  

WESTERN 

4.14 - 4.21 12.78 - 12.84  

N. CENT.

4.17 - 4.23 12.76 - 12.92  

S. CENTRAL

4.22 - 4.33 12.76 - 12.88  

WABASH 

4.12 - 4.20 12.77 - 12.92 6.48 - 6.61

W.S. WEST

4.22 - 4.33 12.90 - 13.06 6.80 - 6.85

L. EGYPT

4.05 - 4.09 12.73 - 12.86 6.64 - 6.71

Central Illinois average price

Corn:   4.20 (-20 Z)
Soybeans:
12.84 (-16 X)


CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.22 - 4.35 12.75 - 12.87  

WESTERN 

4.22 - 4.34 12.67 - 12.92  

N. CENT.

4.22 - 4.36 12.79 - 13.02  

S. CENTRAL

4.27 - 4.37 12.78 - 12.94  

WABASH 

4.30 - 4.40 12.88 - 13.00  

W.S. WEST

4.34 - 4.40 13.04 - 13.20  

L. EGYPT

 4.30 - 4.34 12.94 - 13.01  

 

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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