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Illinois country grain prices were
mostly higher on Wednesday afternoon.
Corn futures were supported by
good export news.
The USDA announced the sale of
360,000 tonnes of US corn to China.
More significant news has been in
the cash markets.
Since last Friday, the cash
soybean basis had started to weaken, first at the river
terminals and then the soybean processors.
Today, the basis continues to drop
with losses of 15 to 18 noted.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 17 to 18 cents higher at 6.87-7.05.
Soybean bids were 5 cents higher
at 15.12-15.40.
In Central Illinois country grain dealers quoted shelled corn
bids were 18 cents higher at 6.86-6.96.
Soybean bids were mixed at
15.52-15.67.
In the Southern part of the state, shelled corn bids were 19 to
23 cents higher at 6.70-7.04.
Soybean bids were 5 to 6 cents
higher at 15.33-15.79.
Wheat bids were 10 to 11
cents higher at 6.70-7.01.
[to top of second column] |
Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Wednesday are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
6.90 - 7.05 |
15.12 - 15.30 |
|
|
WESTERN |
6.87 - 7.04 |
15.21 - 15.40 |
|
|
N. CENT. |
6.86 - 6.95 |
15.54 - 15.67 |
|
|
S. CENTRAL |
6.87 - 6.96 |
15.52 - 15.64 |
|
|
WABASH |
6.86 - 6.99 |
15.65 - 15.79 |
6.70 - 6.74 |
|
W.S. WEST |
6.70 - 6.87 |
15.33 - 15.46 |
6.90 - 7.01 |
|
L. EGYPT |
6.97 - 7.04 |
15.69 - 15.79 |
6.79 - 6.88 |
Central Illinois average price
Corn: 6.91 (+32 1/2 N)
Soybeans:
15.59 1/2 (+65 N)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
4.96 - 5.16 |
12.02 - 12.19 |
|
|
WESTERN |
4.97 - 5.04 |
12.01 - 12.22 |
|
|
N. CENT. |
4.93 - 5.10 |
12.05 - 12.11 |
|
|
S. CENTRAL |
4.96 - 5.14 |
12.12 - 12.26 |
|
|
WABASH |
5.05 - 5.13 |
12.14 - 12.27 |
6.58 - 6.70 |
|
W.S. WEST |
4.90 - 5.10 |
12.17 - 12.26 |
6.72 - 6.86 |
|
L. EGYPT |
5.08 - 5.16 |
12.05 - 12.27 |
6.69 - 6.76 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
5/16/2013 |
5/9/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.73 +31 1/2N |
6.79 1/2 +31N
|
|
Soybeans |
15.22 +94 1/2N |
14.97 1/2 +89N |
Annual Comparison
|
|
April 2013 |
May
2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.57
+ 8K |
6.27 +26K |
|
Soybeans |
14.30 +20 1/2K |
14.04 -14K |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
