Grain Prices @ Illinois Interior Country Elevators
Springfield, IL Fri Jan 25, 2013 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 mixed on Friday afternoon, with soybeans and
wheat higher and corn slightly lower. Solid weekly export sales figures supported
higher soybean and wheat values.
In Northern and Western Illinois country grain dealers quoted shelled corn bids
were 3 cents lower at 7.09-7.28. Soybean bids were 2 to 3 cents higher at
In Central Illinois country grain dealers quoted shelled corn bids were 3 cents
lower at 7.18-7.32. Soybean bids were 6 to 9 cents higher at 14.46-14.60.
In the Southern part of the state, shelled corn bids were 3 to 4 cents lower
at 7.09-7.45. Soybean bids were 6 to 10 cents higher at 14.61-14.83. Wheat bids
were 6 to 7 cents higher at 7.69-7.85.
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 7.12 - 7.28 14.36 - 14.50 -----------
WESTERN 7.09 - 7.14 14.26 - 14.50 -----------
N. CENTRAL 7.21 - 7.26 14.46 - 14.56 -----------
S. CENTRAL 7.18 - 7.32 14.47 - 14.60 -----------
WABASH 7.27 - 7.38 14.61 - 14.71 7.72 - 7.85
W.S. WEST 7.09 - 7.19 14.70 - 14.83 7.72 - 7.79
L. EGYPT 7.35 - 7.45 14.63 - 14.76 7.69 - 7.82
Central Illinois average price Corn 7.25 (+ 4 H)
Soybeans 14.53 (+12 H)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
AREA CORN SOYBEANS ***SOFT WHEAT***
NORTHERN 5.42 - 5.53 12.60 - 12.68 -----------
WESTERN 5.39 - 5.54 12.48 - 12.63 -----------
N. CENTRAL 5.46 - 5.59 12.62 - 12.73 -----------
S. CENTRAL 5.48 - 5.62 12.68 - 12.78 -----------
WABASH 5.49 - 5.64 12.65 - 12.73 7.57 - 7.71
W.S. WEST 5.45 - 5.55 12.73 - 12.85 7.52 - 7.54
L. EGYPT 5.59 - 5.69 12.68 - 12.83 7.46 - 7.66
***June/July 2013 delivery
Illinois grains ended mixed for the week, with soybeans higher, corn nearly steady and wheat
lower. The export market and export interest helped soybean futures to move higher this week.
Export inspection figures of 48 million and several announcements this week of export sales to
China and unknown destinations supported prices. Cash soybean basis levels remain strong
at both soybean processors and grain export terminals. Traders have also been keeping an
eye on the weather conditions for the South American soybean crop. Conditions have been dry
in many cases, with the market reacting to every chance of rain.
The trading in the cash grain market was slow to moderate. Last week's increase prices left
many producers looking for better prices to make additional cash sales of both corn and
soybeans. Basis levels remain firm at all grain terminals and processors. Although I usually
don't make note of new crop bids and basis in this report, they did get my attention this week.
New crop corn and soybean basis made a noticeable improvement this week at the river
terminals. New crop corn basis was steady to as much as 4 cent stronger, while the new crop
soybean basis was mostly 8 to 11 cents higher for the week. New crop corn basis along the
Illinois River ended the week ranging from -28Z to -22Z, with the new crop soybean basis
ranging from -20X to option X, but -10X to option in many cases. The Central Illinois Soybean
Processors cash bids were steady to 3 cents higher ranging from 14.65-14.75, with basis 2 to
5 cents lower at +30H to +40H. The Central Illinois Corn Processors cash bids were
unchanged ranging from 7.29-7.48, with basis steady ranging from +5H to +24H. At the Illinois
River terminals south of Peoria, cash corn bids ended 1 to 2 cents lower ranging from 7.24-
7.26, with basis 1 to 2 cents lower at option H to +2H. Cash soybean bids gained 8 to 9 cents
to 14.73-14.82, with basis up 3 to 4 cents ranging from +38H to +47H. New crop wheat bids for
delivery in July 2013 ended 1 to 3 cents higher ranging from 7.57-7.71, with basis up 14 to 16
cents at -25N to -11N. At the Illinois River terminals north of Peoria, cash corn bids were
steady to 5 cents stronger to 7.21-7.29, with basis steady to 5 cents higher at -3H to +5H.
Cash soybean bids were up 5 to 12 cents at 14.72-14.75, with basis steady to 6 cents higher
ranging from +361/2 H to +40H. New crop wheat bids for July 2013 delivery fell 10 to 11 cents
to range from 7.57-7.65, with basis up 2 to 3 cents at -25N to -17N. At the St. Louis terminals
cash corn bids were steady to 2 cents higher at 7.24-7.29, with soybeans gaining 2 to 9 cents
ranging from 14.89-14.92. Cash bids for Soft Red Winter wheat fell 11cents to 7.84-7.85 and
cash sorghum bids were down 1cent to range from 7.08-7.09.
In northern and western Illinois, cash corn bids to producers at country elevators gained 1 to 2
cents at 7.12-7.31, with central Illinois locations mixed at 7.21-7.35 and in southern Illinois bids
were steady to 3 cents higher ranging from 7.12-7.49. Cash soybean bids in northern and
western locations were up 5 to 13 cents at 14.24-14.47 with central Illinois bids steady to 7
cents higher at 14.40-14.51 and southern Illinois bids were 5 to 8 higher 14.55-14.73. Cash
wheat bids for Soft Red Winter wheat in southern Illinois locations declined 7 to 11 cents to
7.62-7.79. New crop wheat bids for June-July delivery in southern Illinois mostly 13 cents
weaker to range from 7.40-7.64.
Central Illinois Average Price at Country Elevators
1/24/2013 1/17/2013 December 2012 January 2012
Price Basis Price Basis Price Basis Price Basis
Corn 7.28 + 4H 7.27 + 2 1/2H 7.23 option H 6.25 -6H
Soybeans 14.45 1/2 +10H 14.42 +12H 14.50 -8F 11.82 -22 1/2H
Source: USDA-IL Dept of Ag Market News, Springfield, IL
Phone: 217-782-4925 In state only toll free 888-458-4787
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