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Illinois country grain prices were
mixed on Friday afternoon. Heavy flooding along the river
systems combined with planting delays to support higher corn
prices.
Soybean prices closed lower.
The concerns that the world
economy is slowing pressured prices. In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 3 to 8 cents higher at 6.47-6.61.
Soybean bids were mostly 2 to 3
cents lower at 14.32-14.50. In Central Illinois country grain dealers quoted shelled corn
bids were mostly 2 to 4 cents higher at 6.47-6.64.
Soybean bids were 2 to 7 cents
lower at 14.41-14.58.
 In the Southern part of the state, shelled corn bids were mostly
3 to 8 cents higher at 6.44-6.77.
Soybean bids were mostly 3 to 8
cents lower at 14.46-14.69.
Wheat bids were 3 to 6 cents
higher at 7.03-7.17. Illinois grain markets ended the reporting week mixed.
A slowdown in nearby demand for
corn, heavy rains and flooding in many areas of the country and
the lower than expected GDP growth rate in China combined to
pressure values.
Sharply lower gold prices and the
lower stock market added pressure.
The USDA reported that only 2% of
the corn crop had been planted, compared to 16%
last year and the 5 year average of 7%.
Soybean values remained strong
during most of the week with light available supplies supporting
strong prices.
The NOPA crush figures were
slightly below estimates at 137.08 million bushels but up from
136.3 million last month.
Corn exports for the week were
considered bearish totaling 417,200 tonnes while soybean exports
were strong at 566,800 tonnes. The trading in the cash grain market was slow during the week.
Heavy rains and flooding in most
areas of the state and expected record high water levels on the
river system curtailed interest in moving grain.
At the Central Illinois Soybean
Processors cash bids were mixed as basis levels were moved from
the May option to the July option.
The cash values ranged from
14.50-14.85 with a nearby basis of 60 to 90 cents over the July
futures.
At Central Illinois Corn
Processors, cash bids continued to decline ranging from
6.65-6.75 with a basis of 35 to 45 cents over the July futures.
Illinois River terminals south of
Peoria, cash corn bids were down 6 1/2 to 11 1/2 cents at 6.59
1/2 -6.63 1/2 with the basis levels unchanged to down 5 at 15 to
19 cents over May.
Soybean bids were up 21 1/2 to 26
1/2 cents at 14.68 1/2-14.78 1/2.
Basis levels were down 2 to 7
cents at 38 to 48 cents over May.
New crop wheat values were up 31/2
cents at 7.07-7.08 with basis levels unchanged at option to 1
over the July futures.
At Illinois River terminals North
of Peoria, corn bids declined 11 1/2 cents to 6.54 1/2-6.59 1/2
with the basis down 5 at 10 to 15 cents over the May.
Soybeans bids gained 26 1/2 cents
per bushel with prices at 14.71 1/2-14.75 1/2 with basis levels
unchanged to down 1 at 41 to 45 cents over the May.
[to top of second column] |
New crop wheat gained 1 1/2 to 4
1/2 cents to close at 7.07-7.12.
With the basis mixed at option to
1 over the July.
At the St. Louis terminals cash
corn bids ended 4 to 9 cents lower at 6.57-6.60, with soybeans
28 to 37 cents higher at 14.75-14.91.
Soft wheat prices advanced 11
cents to 7.27-7.28 and sorghum values declined 1 cent to
6.29-6.30. In northern and western Illinois, cash corn bids to producers at
country elevators were down 7 to 8 cents to 6.43-6.55, with
central Illinois locations down 9 to 12 cents at 6.45-6.57 and
in southern Illinois bids were mixed ranging from 6.38-6.70.
Cash soybean bids in northern and
western locations were up 26 to 37 cents at 14.39-14.52, with
central Illinois bids 29 to 31 cents higher at 14.51-14.60 and
southern Illinois bids gained 33 to 35 cents at 14.50-14.67.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations ended 6 to 12 cents
higher ranging from 6.94-7.11.
New crop wheat bids for June-July
delivery in southern Illinois were up 3 to 6 cents ranging from
6.84-7.05.
___
Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Friday are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
6.47 - 6.57 |
14.35 - 14.45 |
|
|
WESTERN |
6.51 - 6.61 |
14.32 - 14.50 |
|
|
N. CENT. |
6.50 - 6.64 |
14.47 - 14.55 |
|
|
S. CENTRAL |
6.47 - 6.59 |
14.44 - 14.58 |
|
|
WABASH |
6.59 - 6.77 |
14.47 - 14.58 |
7.04 - 7.17 |
|
W.S. WEST |
6.44 - 6.53 |
14.58 - 14.69 |
7.05 - 7.13 |
|
L. EGYPT |
6.67 - 6.76 |
14.46 - 14.56 |
7.03 - 7.17 |
Central Illinois average price
Corn: 6.55 1/2 (+ 3 1/2
K)
Soybeans:
14.51 (+23 K)
'
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.12 - 5.21 |
11.76 - 11.93 |
|
|
WESTERN |
5.10 - 5.21 |
11.75 - 11.85 |
|
|
N. CENT. |
5.14 - 5.26 |
11.80 - 11.87 |
|
|
S. CENTRAL |
5.20 - 5.28 |
11.83 - 11.95 |
|
|
WABASH |
5.19 - 5.29 |
11.83 - 11.90 |
6.89 - 6.96 |
|
W.S. WEST |
5.13 - 5.24 |
11.85 - 11.98 |
7.00 - 7.10 |
|
L. EGYPT |
5.24 - 5.32 |
11.80 - 11.93 |
6.92 - 7.00 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
4/18/2013 |
4/11/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.50 1/2 + 6K |
6.61 1/2 +10 K |
|
Soybeans |
14.57 +26 1/2K |
14.25 1/2 +23 1/2K |
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]
 |
