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Illinois grain prices in country elevators

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[September 24, 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 moderately lower on Monday afternoon.

Basis levels continue to move lower as harvest pressure approaches in some southern locations.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were mixed at 4.25-4.70.

Soybean bids were down 7 to 15 cents at
12.78-13.08.

In Central Illinois country grain dealers quoted shelled corn bids were mixed at 4.32-4.48.

Soybean bids were 7 to 15 cents lower at 12.82-13.33.

In the Southern part of the state, shelled corn bids were mixed at 4.23-4.48.

Soybean bids were 10 to 15 cents lower at 12.81-13.14.

Wheat bids were 7 to 9 cents higher at 6.01-6.28.

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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

4.55 - 4.70 12.78 - 12.88  

WESTERN 

4.25 - 4.33 12.85 - 13.08  

N. CENT.

4.33 - 4.45 12.82 - 13.10  

S. CENTRAL

4.32 - 4.48 13.12 - 13.33  

WABASH 

4.28 - 4.48 12.81 - 13.10 6.11 - 6.20

W.S. WEST

4.30 - 4.43 13.01 - 13.14 6.12 - 6.28

L. EGYPT

4.23 - 4.32 12.81 - 12.88 6.01 - 6.11

Central Illinois average price

Corn:  4.40 -13 Z
Soybeans:
13.07 1/2 ( option X)


CONTRACT BIDS FOR JANUARY 2014 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

 4.35 - 4.54 12.78 - 12.93  

WESTERN 

 4.28 - 4.35 12.92 - 13.03  

N. CENT.

4.37 - 4.48 12.88 - 13.05  

S. CENTRAL

4.38 - 4.52 13.10 - 13.19  

WABASH 

4.42 - 4.51 12.99 - 13.11  

W.S. WEST

4.44 - 4.57 13.17 - 13.28  

L. EGYPT

4.46 - 4.54 13.00 - 13.16  

***June/July 2013 delivery
 

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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