Grain Prices @ Illinois Interior Country Elevators
Springfield, IL Fri Apr 26, 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
higher and corn and wheat lower. Technical trading at the Board of Trade
helped to boost soybean values, along with stronger soybean meal values.
In Northern and Western Illinois country grain dealers quoted shelled corn
bids were steady to 1 cent lower at 6.40-6.55. Soybean bids were 9 to 14
cents higher at 14.31-14.48.
In Central Illinois country grain dealers quoted shelled corn bids were 1 to
3 cents lower at 6.39-6.56. Soybean bids were 4 to 9 cents higher at 14.51-
In the Southern part of the state, shelled corn bids were 4 to 5 cents
lower at 6.29-6.64. Soybean bids were 6 to 11 cents higher at 14.51-14.67.
Wheat bids were 11 to 13 cents lower at 6.83-7.01.
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 6.44 - 6.55 14.31 - 14.46 -----------
WESTERN 6.40 - 6.47 14.35 - 14.48 -----------
N. CENTRAL 6.41 - 6.56 14.53 - 14.60 -----------
S. CENTRAL 6.39 - 6.46 14.51 - 14.61 -----------
WABASH 6.50 - 6.64 14.51 - 14.61 6.84 - 7.01
W.S. WEST 6.29 - 6.38 14.55 - 14.67 6.85 - 6.97
L. EGYPT 6.55 - 6.64 14.61 - 14.66 6.83 - 7.01
Central Illinois average price Corn 6.47 1/2 (+ 3 1/2 K)
Soybeans 14.56 (+25 K)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
AREA CORN SOYBEANS ***SOFT WHEAT***
NORTHERN 4.90 - 5.09 11.70 - 11.80 -----------
WESTERN 4.87 - 5.07 11.72 - 11.78 -----------
N. CENTRAL 4.87 - 5.04 11.78 - 11.93 -----------
S. CENTRAL 4.90 - 5.06 11.80 - 11.92 -----------
WABASH 4.96 - 5.06 11.80 - 11.85 6.63 - 6.77
W.S. WEST 4.91 - 5.08 11.88 - 11.94 6.81 - 6.91
L. EGYPT 5.01 - 5.09 11.77 - 11.90 6.73 - 6.81
***June/July 2013 delivery
Illinois grains ended mixed this week at the Board of Trade, with soybeans higher and corn
and wheat slightly lower. Soybean futures were supported by strong cash markets and good
export interest. Weekly export sales for soybeans totaled 422,000 tonnes for both old and new
crop years. The USDA announced Thursday that the US has sold new crop soybeans to China
and to unknown destinations. Though wheat futures ended lower for the week, traders are
concerned with how much damage was done to the western wheat crop due to freezing
temperatures last week. It seems like corn futures are driven by the weather forecast, but export
interest has also been moderate to good.
The trading in the cash grain market was very slow this week. This is also a very confusing time
for farmers and grain merchandisers. So what makes this time confusing? Different spot basis
months are being used by the processors and river terminals. If you only look at the price, there
is no confusion. If you look at those large numbers on basis, you have to pay attention. At a
time when the soybean basis has hit triple digits at many locations, it can make a big difference
in pulling the trigger on a sale or not. So, if you are considering making a sale of cash grain in
the next week, make sure you know if the basis quoted is verses the May (K) or the July (N). At
the Central Illinois Soybean Processors cash bids were mixed ranging from 14.67-14.82, with
basis up 15 to 35 cents ranging from +95N to +110N. At the Central Illinois Corn Processors
cash bids were steady to 5 cents lower ranging from 6.64-6.69, with basis steady to 5 cents
higher at +40N to +45N. At the Illinois River terminals south of Peoria, cash corn bids ended 3 to
6 cents lower ranging from 6.53-6.60, with basis down 4 to 7 cents to +8K to +15K. Cash
soybean bids lost 8 to 15 cents to 14.53-14.70, with basis 1 to 8 cents lower ranging from +30K
to +47K. New crop wheat bids for delivery in July 2013 ended 1 cent lower ranging from 7.06-
7.07, with basis 2 cents stronger at +2N to +3N. At the Illinois River terminals north of Peoria,
cash corn bids were down 4 to 7 cents at 6.50-6.52, with basis down 5 to 7 cents to range from
+5K to +71/2K. Cash soybean bids dropped 18 to 24 cents to 14.47-14.57, with basis 11 to 17
cents lower ranging from +24K to +34K. New crop wheat bids for July 2013 delivery ended
mixed to range from 7.06-7.07, with basis 2 cents higher at +4N to +6N. At the St. Louis
terminals cash corn bids closed 8 to 10 cents lower ranging from 6.49-6.50, with soybeans down
12 to 27 cents ranging from 14.63-14.64. Cash bids for Soft Red Winter wheat were down 2
cents to 7.25-7.26 and cash sorghum bids were unchanged at 6.30-6.31.
In northern and western Illinois, cash corn bids to producers at country elevators were mixed at
6.40-6.56, with central Illinois locations steady to 2 cents lower at 6.42-6.57 and in southern
Illinois bids were 1 to 5 cents lower ranging from 6.33-6.69. Cash soybean bids in northern and
western locations were down 13 to 22 cents at 14.17-14.39, with central Illinois bids 6 to 9 cents
lower at 14.42-14.57 and southern Illinois bids dropped 6 to 10 cents at 14.40-14.61. Cash
wheat bids for Soft Red Winter wheat in southern Illinois locations ended 1 to 2 cents higher
ranging from 6.96-7.12. New crop wheat bids for June-July delivery in southern Illinois were
down 3 to 10 cents ranging from 6.74-7.02.
Central Illinois Average Price at Country Elevators
4/25/2013 4/18/2013 March 2013 April 2012
Price Basis Price Basis Price Basis Price Basis
Corn 6.49 1/2 +4K 6.50 1/2 +6K 7.33 +16 1/2K 6.34 - 1/2K
Soybeans 14.49 1/2 +26K 14.49 1/2 +26K 14.62 +17K 14.23 -17 1/2K
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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