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Illinois country grain prices were
mixed on Friday afternoon, with wheat higher and corn and
soybeans lower. Wheat futures were supported by an increase in
export interest, while corn futures went lower despite the
announced sale of 120,000 tonnes for the 2013-2014 crop year.
Traders are also waiting for the
USDA's Supply Demand forecast to be released on Wednesday of
next week.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 1 cent lower at 6.27-6.44. Soybean bids
were 10 to 11 cents lower at 13.62-13.75.
In Central Illinois country grain dealers quoted shelled corn
bids were 1 cent lower at 6.40-6.49. Soybean bids were 10 cents
lower at 13.72-13.90.
In the Southern part of the state, shelled corn bids were mostly
1 to 2 cents lower at 6.15-6.59. Soybean bids were 9 to 10 cents
lower at 13.77-13.94. Wheat bids were 3 cents higher at
6.90-7.04.
Illinois grains ended mixed this week at the Board of Trade,
with wheat higher and corn and soybeans ending sharply lower.
Corn and soybeans futures were still reeling from the numbers
from the USDA's Quarterly Grain Stocks and Acreage reports.
The figures from the March 1st
corn stocks report gave traders that bearish feeling.
Traders will get ready to look at
new Supply Demand forecasts on April 10th, when the USDA
releases the new numbers. Fund liquidation and speculator
selling kept pushing corn and soybean down.
Wheat futures recovered from the
weaker corn and soybean values to close higher for the week.
The major support for wheat was
held in the USDA's Crop Conditions report. That report had
conditions for the US wheat crop at the lowest levels in many
years.
Dry soil conditions in the Plain
states and even into South Dakota are keeping the wheat crop in
a severely stressed condition.
The trading in the cash grain market was slow this week. With
the sharply lower corn values, many farmers have closed the door
on the bin and hopefully are waiting for some kind of a price
recovery.
Basis levels for cash corn and
soybeans remain strong, especially at the processors. In most
cases, the cash basis ended higher for the week, even at the
Illinois River terminals.
At the Central Illinois Soybean
Processors cash bids were 10 to 28 cents lower ranging from
14.20-14.27, with basis up 5 to 23 cents ranging from +48K to
+55K.
The Central Illinois Corn
Processors cash bids were 65 cents lower ranging from 6.55-6.70,
with basis steady at +25K to +40K.
At the Illinois River terminals
south of Peoria, cash corn bids ended 66 to 68 cents lower
ranging from 6.42-6.45, with basis down 1 to 3 cents to +12K to
+15K.
Cash soybean bids lost 25 to 27
cents to 13.97-14.05, with basis up 6 to 8 cents ranging from
+25K to +33K.
New crop wheat bids for delivery
in July 2013 ended 18 cents higher ranging from 6.89-6.99, with
basis 10 cents stronger at -10N to option N.
At the Illinois River terminals
north of Peoria, cash corn bids were down 58 to 61 cents at
6.42-6.45, with basis up 4 to 7 cents to range from +12K to
+15K.
Cash soybean bids were down 23 to
25 at 14.05-14.12, with basis 8 to 10 cents higher ranging from
+33K to +40K.
[to top of second column] |
New crop wheat bids for July 2013
delivery gained 14 to 16 cents to range from 6.97-6.98, with
basis 6 to 8 cents higher at -2N to -1N.
At the St. Louis terminals cash
corn bids closed 47 to 50 cents lower ranging from 6.38-6.43,
with soybeans down 25 to 26 cents ranging from 14.08-14.13.
Cash bids for Soft Red Winter
wheat were up 7 cents to 7.03-7.04 and cash sorghum bids lost 77
cents to 6.19-6.20.
In northern and western Illinois, cash corn bids to producers at
country elevators were down 65 cents to 6.28-6.45, with central
Illinois locations losing 62 to 65 cents at 6.41-6.50 and in
southern Illinois bids were 21 to 43 cents lower ranging from
6.17-6.58.
Cash soybean bids in northern and
western locations were down 20 to 23 cents at 13.72-13.86, with
central Illinois bids 28 to 30 cents lower at 13.82-14.00 and
southern Illinois bids lost 37 to 38 cents at 13.87-14.03.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations ended mixed ranging
from 6.85-6.99. New crop wheat bids for June-July delivery in
southern Illinois were up 7 to 8 cents ranging from 6.70-6.92.
___
Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. XXX are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
6.30 - 6.44 |
13.62 - 13.75 |
|
|
WESTERN |
6.27 - 6.37 |
13.62 - 13.73 |
|
|
N. CENT. |
6.40 - 6.47 |
13.76 - 13.90 |
|
|
S. CENTRAL |
6.41 - 6.49 |
13.72 - 13.86 |
|
|
WABASH |
6.44 - 6.54 |
13.80 - 13.92 |
6.90 - 6.99 |
|
W.S. WEST |
6.15 - 6.34 |
13.80 - 13.94 |
6.98 - 6.99 |
|
L. EGYPT |
6.49 - 6.59 |
13.77 - 13.92 |
6.91 - 7.04 |
Central Illinois average price
Corn: 6.44 1/2 (+15 1/2
K)
Soybeans:
13.81 (+19 K)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.00 - 5.14 |
11.86 - 11.98 |
|
|
WESTERN |
4.96 - 5.09 |
11.88 - 12.14 |
|
|
N. CENT. |
4.99 - 5.11 |
11.89 - 11.99 |
|
|
S. CENTRAL |
5.01 - 5.16 |
11.99 - 12.10 |
|
|
WABASH |
5.07 - 5.20 |
11.98 - 12.05 |
6.74 - 6.87 |
|
W.S. WEST |
5.05 - 5.10 |
12.11 - 12.21 |
6.85 - 6.97 |
|
L. EGYPT |
5.10 - 5.20 |
11.96 - 12.11 |
6.72 - 6.87 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
4/4/2013 |
3/28/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.45 1/2 +15 1/2K |
7.09 +14K |
|
Soybeans |
13.91 +19K |
14.20 +15K |
Annual Comparison
|
|
March 2013 |
April 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.33
+16 1/2K |
6.34 - 1/2K |
|
Soybeans |
14.62 +17K |
14.23 -17 1/2K |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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