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Illinois grain prices in country elevators

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[September 11, 2013]  SPRINGFIELD -- This is Tuesday'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 mixed on Tuesday afternoon.

With little new information the grain prices ended mixed.

Many traders are waiting to even positions ahead of Thursday's USDA Crop report, so trading activity was light.

The USDA did announce on Tuesday the sale of 121,000 tonnes of new crop US soybeans to an unknown destination.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were down 5 to 10 cents at 4.54-4.99.

Soybean bids were 11 to 25 cents lower at 13.60-14.35.

In Central Illinois country grain dealers quoted shelled corn bids were up 2 to 5 cents at 4.84-5.25.

Soybean bids were mostly 2 to 5 cents lower
at 14.25-14.77.

In the Southern part of the state, shelled corn bids were up 5 to 6 cents at 4.79-5.14.

Soybean bids were down 10 to 13 cents at 14.02-14.25.
 


 

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

AREA 

US 2

CORN

US 1

SOYBEANS

 US 2

SOFT

WHEAT 

NORTHERN

4.86 - 4.99 13.60 - 13.72  

WESTERN 

4.54 - 4.67 14.15 - 14.35  

N. CENT.

 5.04 - 5.25 14.25 - 14.50  

S. CENTRAL

4.84 - 4.90 14.58 - 14.77  

WABASH 

5.04 - 5.14 14.15 - 14.25 6.04 - 6.15

W.S. WEST

4.86 - 4.95 14.02 - 14.15 5.94 - 6.15

L. EGYPT

4.79 - 4.99 14.15 - 14.25 6.01 - 6.07

Central Illinois average price

Corn:  5.04 1/2 (+ 35 1/2Z)
Soybeans:
14.51 (+ 96 X)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.43 - 4.54 13.20 - 13.34  

WESTERN 

4.36 - 4.46 13.17 - 13.30  

N. CENT.

 4.43 - 4.50 13.29 - 13.50  

S. CENTRAL

4.42 - 4.55 13.31 - 13.43  

WABASH 

4.40 - 4.54 13.35 - 13.40  

W.S. WEST

4.34 - 4.52 13.46 - 13.61  

L. EGYPT

4.43 - 4.49 13.30 - 13.40  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

9/5/2013

8/29/2013

  Price--Basis Price--Basis

Corn

5.46 +85Z

5.98 1/2 +100U

Soybeans

14.96 +129X

14.96 +128X

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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