Illinois grain prices in country elevators

[February 15, 2013]  SPRINGFIELD -- This is Thursday'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 lower on Thursday afternoon.

Disappointing weekly export sales dropped the value of soybeans and pulled corn and wheat lower as well.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 1 cent lower at 6.87-7.03.

Soybean bids were mostly 3 to 7 cents lower at 13.98-14.10.

In Central Illinois country grain dealers quoted shelled corn bids were steady to 1 cent lower at 6.94-7.13.

Soybean bids were 5 cents lower at 14.22-14.33.

In the Southern part of the state, shelled corn bids were 1 cent lower at 6.89-7.20.

Soybean bids were 5 cents lower at 14.23-14.44.

Wheat bids were 3 to 4 cents lower at 7.27-7.48.

Commercial grain prices paid farmers by Interior Illinois Country Elevators after 2.00 p.m. Thursday are listed below in dollars per bushel:

AREA	US 2 CORN	US 1 SOYBEANS	US 2 SOFT WHEAT
NORTHERN	6.89 - 7.03	14.00 - 14.10
WESTERN	6.87 - 6.95	13.98 - 14.09
N. CENT.	6.94 - 7.04	14.25 - 14.33
S. CENTRAL	7.04 - 7.13	14.22 - 14.32
WABASH	7.02 - 7.20	14.30 - 14.38	7.27 - 7.40
W.S. WEST	6.89 - 7.04	14.23 - 14.33	7.37 - 7.45
L. EGYPT	7.10 - 7.20	14.37 - 14.44	7.37 - 7.48

Central Illinois average price

Corn:  7.03 1/2 (+ 9 H)
Soybeans: 14.27 1/2 (+ 9 1/2 H)

CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA	US 2 CORN	US 1 SOYBEANS	***US 2 SOFT WHEAT
NORTHERN	5.24 - 5.39	12.23 - 12.33
WESTERN	5.24 - 5.34	12.17 - 12.28
N. CENT.	5.25 - 5.39	12.24 - 12.35
S. CENTRAL	5.27 - 5.43	12.30 - 12.47
WABASH	5.34 - 5.43	12.32 - 12.44	7.12 - 7.26
W.S. WEST	5.23 - 5.34	12.37 - 12.51	6.99 - 7.13
L. EGYPT	5.39 - 5.54	12.36 - 12.48	7.02 - 7.12

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of	2/7/2013	1/31/2013
	Price--Basis	Price--Basis
Corn	7.20 1/2 +10H	7.48 + 7 1/2H
Soybeans	14.94 1/2 + 8H	14.82 +13 1/2H

Annual Comparison

	January 2013	February 2012
	Price--Basis	Price--Basis
Corn	7.17 + 2H	6.41 + 1/2H
Soybeans	14.30 +11H	12.40 -15 H

[Text copied from USDA-IL Dept of Ag Market News, Springfield]