Grain Prices @ Illinois Interior Country Elevators
Springfield, IL Fri Oct 26, 2012 USDA-IL Dept of Ag Market News
Illinois Grain Prices in Country Elevators
This is Friday's report of the grain prices and trends prepared by the
USDA and the Illinois Department of Agriculture.
Illinois country grain prices were slightly lower on Friday afternoon. In quiet
trading, grain futures drifted lower due to the lack of fresh news to move
In Northern and Western Illinois country grain dealers quoted shelled corn
bids mostly 3 to 5 cents lower at 7.15-7.32. Soybean bids were 2 to 5 cents
lower at 15.25-15.39.
In Central Illinois country grain dealers quoted shelled corn bids were 4 to
6 cents lower at 7.26-7.44. Soybean bids were 2 to 4 cents lower at 15.45-15.54.
In the Southern part of the state, shelled corn bids were 4 to 6 cents lower
at 7.10-7.50. Soybean bids were 3 to 7 cents lower at 15.26-15.51. Wheat
bids were 6 to 9 cents lower at 8.34-8.54.
Commercial grain prices paid farmers by Interior Illinois Country
Elevators after 2.00 p.m. today are listed below in dollars per bushel:
AREA US 2 CORN US 1 SOYBEANS US 2 SOFT WHEAT
NORTHERN 7.23 - 7.32 15.25 - 15.41 -----------
WESTERN 7.15 - 7.24 15.29 - 15.39 -----------
N. CENTRAL 7.26 - 7.43 15.45 - 15.51 -----------
S. CENTRAL 7.29 - 7.44 15.45 - 15.54 -----------
WABASH 7.40 - 7.50 15.37 - 15.51 8.40 - 8.54
W.S. WEST 7.10 - 7.24 15.26 - 15.40 8.44 - 8.49
L. EGYPT 7.38 - 7.48 15.36 - 15.46 8.34 - 8.49
Central Illinois average price Corn 7.35 (- 3 Z)
Soybeans 15.49 1/2 (-12 X)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
AREA CORN SOYBEANS ***SOFT WHEAT***
NORTHERN 7.34 - 7.50 15.39 - 15.45 -----------
WESTERN 7.23 - 7.37 15.44 - 15.50 -----------
N. CENTRAL 7.34 - 7.47 15.52 - 15.59 -----------
S. CENTRAL 7.39 - 7.56 15.60 - 15.75 -----------
WABASH 7.50 - 7.60 15.49 - 15.62 8.25 - 8.35
W.S. WEST 7.29 - 7.37 15.69 - 15.76 8.08 - 8.20
L. EGYPT 7.60 - 7.68 15.62 - 15.72 8.30 - 8.35
***June/July 2013 delivery
Illinois grains-Grain futures ended mixed at the Chicago Board of Trade, with wheat and
soybeans higher and corn moving lower. Export news for wheat supported prices, as it finally
became official that the Ukraine would stop wheat exports on November 15th. Weekly export
inspection figures were very large for soybeans this week at 61.4 million bushels, though
weekly export sales numbers on Thursday were slightly under expectations, but still very good
at 19.2 million bushels. The USDA made several announcements this week concerning sales
of US soybeans, so export demand remains good. Corn export sales and export interest
remains slow, helping to push prices lower.
The fall harvest slowed this week with several interruptions from rain showers, but last week
farmers stayed busy with harvest activities. According to the USDA's Illinois Weather and
Crops report, from the Illinois Field Office in Springfield, the Illinois corn harvest had reached
92% complete, compared to 75% last year and 62% for the five year average. The soybean
crop was 80% harvested in the state of Illinois, compared to 81% last year and 71% for the five
year average. Wheat planting was now 69% done, compared to 46% last week and 66% for
the five year average. There was 29% of the crop emerged, compared to 34% last year and
32% for the five year average. Pasture conditions, especially in southern and central Illinois
have definitely helped livestock producers. Livestock producers have gotten a lot of good feed
for horses, cattle, goats and sheep the past several weeks, until a killing frost arrives.
Pastures conditions were rated at 30% very poor to poor, with 31% fair and 39% in good to
The trading in the cash grain market was moderate. Cash basis was mixed for the week, but
definitely lower at the river terminals. Barge freight went up sharply on Wednesday, as the
soybean harvest peaked in the areas to the south of Illinois, terminal managers had to
convince barges to head farther north to load grain. The Central Illinois Soybean Processors
cash bids ended 16 to 22 cents higher at 15.66-15.82, with basis mixed ranging from +2X to
+18X. The Central Illinois Corn Processors cash bids were down 19 to 24 cents ranging from
7.42-7.57, with basis steady to 5 cents lower ranging from option Z to +15Z. At the Illinois
River terminals south of Peoria, cash corn bids ended 29 to 30 cents lower ranging from 7.22-
7.27, with basis down 10 to 11 cents at -20Z to -15Z. Cash soybean bids gained 8 to 14 cents
at 15.44-15.54, with basis down 5 to 11 cents ranging from -20X to -10X. New crop wheat bids
for delivery in July 2013 ended 16 to 19 cents higher ranging from 8.32-8.33, with basis 1 to 4
cents weaker at -35N to -34N. At the Illinois River terminals north of Peoria, cash corn bids fell
25 to 26 cents to 7.22-7.27, with basis down 6 to 7 cents at -20Z to -15Z. Cash soybean bids
were up 8 to 13 cents to 15.41-15.51, with basis 5 to 10 cents lower ranging from -23X to -12 1/2 X.
New crop wheat bids for July 2013 delivery gained 20 to 26 cents to range from 8.40-8.48,
with basis steady to up 6 cents at -27N to -19N. At the St. Louis terminals cash corn bids were
down 29 to 39 cents at 7.17-7.18, with soybeans steady to 4 cents lower ranging from 15.49-
15.55. Cash bids for Soft Red Winter wheat gained 5 cents to 8.52-8.53 and cash sorghum
bids were 18 cents lower to range from 7.12-7.13.
In northern and western Illinois, cash corn bids to producers at country elevators were 16 to 17
cents lower at 7.19-7.36, with central Illinois locations down 15 to 21 cents at 7.31-7.49 and in
southern Illinois bids lost 15 to 19 cents to range from 7.14-7.54. Cash soybean bids in
northern and western locations were 9 to 14 cents higher at 15.27-15.44 with central Illinois
bids up 17 to 20 cents at 15.47-15.57 and southern Illinois bids were 12 to 19 cents stronger at
15.33-15.54. Cash wheat bids for Soft Red Winter wheat in southern Illinois locations gained 4
to 8 cents to 8.40-8.63. New crop wheat bids for June-July delivery in southern Illinois
advanced 17 to 20 cents to range from 8.17-8.37.
Central Illinois Average Price at Country Elevators
10/25/2012 10/18/2012 September 2012 September 2011
Price Basis Price Basis Price Basis Price Basis
Corn 7.40 -2Z 7.58 - 4Z 7.83 +6Z 6.77 -17Z
Soybeans 15.52 -12 X 15.33 1/2 -12X 16.95 -5X 13.12 -13X
Source: USDA-IL Dept of Ag Market News, Springfield, IL
Phone: 217-782-4925 In state only toll free 888-458-4787
Self-contained hydraulic system with power cables (hydraulic). Tandem Henschen axles (hydraulic). Hydraulic fenders. Manual or hydraulic tilt. 6,500-gallon tank.
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