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Illinois grain prices in country elevators

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[September 20, 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 mixed on Thursday afternoon, with corn and wheat higher and soybeans lower.

Export sales helped to lift wheat values.

This morning weekly export sales figures were higher than expected at 707,700 metric tonnes.

Also, Japan made a purchase of US wheat overnight.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mostly 2 to 3 cents higher at 4.34-4.65.

Soybean bids were 14 to 15 cents lower at 13.09-13.39.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 4.41-4.59. Soybean bids were mostly 8 to 9 cents lower at 13.48-13.65.

In the Southern part of the state, shelled corn bids were mostly 1 to 6 cents lower at 4.35-4.50. Soybean bids were mostly 10 to 20 cents lower at 13.17-13.40. Wheat bids were mostly 10 to 12 cents higher at 6.04-6.36.


 

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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

4.60 - 4.65 13.09 - 13.20  

WESTERN 

4.34 - 4.42 13.28 - 13.39  

N. CENT.

4.41 - 4.51 13.48 - 13.58  

S. CENTRAL

4.48 - 4.59 13.56 - 13.65  

WABASH 

4.43 - 4.50 13.17 - 13.35 6.14 - 6.25

W.S. WEST

4.38 - 4.47 13.31 - 13.40 6.25 - 6.36

L. EGYPT

4.35 - 4.44 13.17 - 13.25  6.04 - 6.14

Central Illinois average price

Corn:  4.50 (- 9 1/2 Z)
Soybeans:
13.56 1/2 (+17 X)


CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.39 - 4.46 13.11 - 13.28  

WESTERN 

4.33 - 4.44 13.23 - 13.37  

N. CENT.

4.38 - 4.54 13.24 - 13.36  

S. CENTRAL

4.51 - 4.58 13.36 - 13.46  

WABASH 

4.49 - 4.57 13.37 - 13.47  

W.S. WEST

 4.53 - 4.65 13.47 - 13.59  

L. EGYPT

4.52 - 4.61 13.37 - 13.47  

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

9/12/2013

9/5/2013 

  Price--Basis Price--Basis

Corn

4.94 1/2 +28Z

5.46 +85Z

Soybeans

14.83 +87X

14.96 +129X

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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