Springfield, IL Fri May 17, 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 corn and
soybeans higher and wheat slightly lower. Technical trading at the Board of
Trade supported today's higher corn and soybeans prices. Soybean prices
were also supported by the rise in the cost of soybean meal.
In Northern and Western Illinois country grain dealers quoted shelled
corn bids were 4 to 12 cents higher at 6.79-7.00. Soybean bids were 3 to
21 cents higher at 15.08-15.23.
In Central Illinois country grain dealers quoted shelled corn bids were 12
to 13 cents lower at 6.80-6.91. Soybean bids were 17 to 20 cents higher at
In the Southern part of the state, shelled corn bids were 11 to 10 cents
lower at 6.62-6.98. Soybean bids were 19 to 24 cents higher at 15.10-15.48.
Wheat bids were 5 to 10 cents lower at 6.63-6.86.
Commercial grain prices paid farmers by Interior Illinois Country
Elevators after 2.00 p.m. today are listed below in dollars per
AREA US 2 CORN US 1 SOYBEANS US 2 SOFT WHEAT
NORTHERN 6.83 - 7.00 15.08 - 15.18 -----------
WESTERN 6.79 - 6.90 15.14 - 15.23 -----------
N. CENTRAL 6.80 - 6.87 15.32 - 15.43 -----------
S. CENTRAL 6.81 - 6.91 15.34 - 15.49 -----------
WABASH 6.81 - 6.98 15.29 - 15.41 6.63 - 6.70
W.S. WEST 6.62 - 6.71 15.32 - 15.45 6.83 - 6.84
L. EGYPT 6.88 - 6.98 15.34 - 15.48 6.73 - 6.86
Central Illinois average price Corn 6.85 1/2 (+32 1/2 N)
Soybeans 15.40 1/2 (+92 N)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
AREA CORN SOYBEANS ***SOFT WHEAT***
NORTHERN 4.85 - 5.00 11.91 - 12.08 -----------
WESTERN 4.82 - 4.91 11.90 - 12.09 -----------
N. CENTRAL 4.82 - 4.93 11.87 - 12.00 -----------
S. CENTRAL 4.85 - 5.03 11.99 - 12.13 -----------
WABASH 4.92 - 5.10 11.98 - 12.16 6.53 - 6.63
W.S. WEST 4.89 - 4.98 12.05 - 12.14 6.63 - 6.81
L. EGYPT 4.97 - 5.04 11.96 - 12.16 6.63 - 6.71
Illinois grains ended mixed this week at the Board of Trade, with soybeans ending higher and
corn and wheat values lower. This week strong cash markets continued to support corn and
soybean values. Basis levels remained strong and cash movement was slow. Wheat futures
received support from low crop condition ratings for the US crop from the USDA's Weekly Crop
Progress report. However, beneficial moisture for the Australian and Russian crops weakened
wheat values. Corn prices were pushed lower by a drier extended weather forecast and
planting progress. The USDA still had the slowest corn planting pace for the US crop since
1984 in its report on Monday.
This week's Illinois Weather and Crops report, released by the Illinois Field office of the
National Ag Statistics Service, indicated corn planting progress was very slow again last week.
As of May the 12th, Illinois farmers had planted just 17% of their corn crop, compared to 64%
for the five year average and the slowest since 1984. The state's oat crop was 78% planted,
compared to 99% last year and 93% for the five year average. The wheat crop in Illinois made
some improvement from last week by placing 73% in the good to excellent category, with 23%
fair and only 4% in the very poor to poor range.
The trading in the cash grain market remained slow this week. Many producers were distracted
with corn planting duties and gave a little less attention to selling grain. While river terminals
and processors are still very competitive in buying grain, some weakness in the gulf basis
might have given a small advantage to the processors at the end of the week. The Central
Illinois Soybean Processors cash bids gained 19 to 20 cents ranging from 15.39-15.62, with
basis steady to 2 cents higher ranging from +112N to +135N. At the Central Illinois Corn
Processors cash bids were steady to 8 cents higher ranging from 6.89-6.96, with basis steady
to 8 cents higher at +48N to +55N. At the Illinois River terminals south of Peoria, cash corn
bids ended steady ranging from 6.91-6.97, with basis 8 cents higher ranging from +50N to
+55N. Cash soybean bids were up 22 to 26 cents with bids ranging 15.32-15.39, with basis up
4 to 8 cents higher ranging from +105N to +112N. New crop wheat bids for delivery in July
2013 were down 35 to 36 cents lower ranging from 6.78-6.81, with basis steady to 1 cent lower
at -10N to -7N. At the Illinois River terminals north of Peoria, cash corn bids were steady at
6.86-6.94, with basis 8 cents higher at +45N to +52 1/2 N. Cash soybean bids gained 23 to 26
cents to 15.23-15.33, with basis 5 to 8 cents higher ranging from +96N to +106N. New crop
wheat bids for July 2013 delivery ended 31 to 35 cents lower to range from 6.78-6.88, with
basis steady to 4 cents higher at -10N to option N. At the St. Louis terminals cash corn bids
closed 3 cents higher ranging from 6.86-6.87, with soybeans up 24 cents ranging from 15.47-
15.48. Cash bids for Soft Red Winter wheat were 31 cents lower at 7.12-7.13 and cash
sorghum bids were 6 cents lower at 6.52-6.53.
In northern and western Illinois, cash corn bids to producers at country elevators were down 3
to 4 cents at 6.68-6.86, with central Illinois locations 6 to 7 cents lower at 6.68-6.78 and in
southern Illinois bids fell mostly 2 cents ranging from 6.51-6.87. Cash soybean bids in northern
and western locations were 16 to 26 cents higher at 14.95-15.05, with central Illinois bids
gained 24 to 25 cents at 15.15-15.29 and southern Illinois bids were up 24 to 30 cents at
15.10-15.24. Cash wheat bids for Soft Red Winter wheat in southern Illinois locations ended 29
to 36 cents lower ranging from 6.68-6.96. New crop wheat bids for June-July delivery in
southern Illinois were down 32 to 35 cents ranging from 6.58-6.85.
Central Illinois Average Price at Country Elevators
5/16/2013 5/9/2013 April 2013 May 2012
Price Basis Price Basis Price Basis Price Basis
Corn 6.73 +31 1/2N 6.79 1/2 +31N 6.57 + 8K 6.27 +26K
Soybeans 15.22 +94 1/2N 14.97 1/2 +89N 14.30 +20 1/2K 14.04 -14K
Source: USDA-IL Dept of Ag Market News, Springfield, IL
Phone: 217-782-4925 In state only toll free 888-458-4787
Grain Prices @ Illinois Interior Country Elevators
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