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Illinois grain prices in country elevators

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[October 29, 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.

December corn futures posted its lowest close in three years Monday.

After a week of good harvest weather, traders were expecting good harvest progress for corn and soybeans.

The USDA reported last week's export inspections were 26.5 million bushels and 83.6 million bushels of soybeans for the week.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 8 to 9 cents lower at 4.04-4.16.

Soybean bids were down 29 to 37 cents at 12.39-12.47.

In Central Illinois country grain dealers quoted shelled corn bids were 5 to 9 cents lower at 4.08-4.28.

Soybean bids were 29 to 30 cents lower at 12.46-12.63.

In the Southern part of the state, shelled corn bids were 9 cents lower at 3.96-4.24.

Soybean bids were 32 to 37 cents lower at 12.36-12.74.

Wheat bids were 10 to 11 cents lower at 6.38-6.74.

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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

4.04 - 4.16 12.39 - 12.47  

WESTERN 

4.05 - 4.14 12.51 - 12.55  

N. CENT.

4.08 - 4.13 12.46 - 12.63  

S. CENTRAL

4.14 - 4.28 12.47 - 12.59  

WABASH 

4.01 - 4.11 12.53 - 12.63 6.38 - 6.59

W.S. WEST

4.08 - 4.24 12.55 - 12.74 6.55 - 6.74

L. EGYPT

3.96 - 4.00 12.36 - 12.55 6.38 - 6.61

Central Illinois average price

Corn:  4.18 (-12 1/2Z)
Soybeans:
12.54 1/2 (-17 X)

CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.11 - 4.26 12.48 - 12.61  

WESTERN 

 4.13 - 4.25 12.46 - 12.67  

N. CENT.

 4.14 - 4.27 12.51 - 12.74  

S. CENTRAL

4.16 - 4.28 12.53 - 12.71  

WABASH 

4.20 - 4.31 12.62 - 12.78  

W.S. WEST

4.25 - 4.33 12.81 - 12.92  

L. EGYPT

4.21 - 4.25 12.68 - 12.86  

 

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

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