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Illinois country grain prices were
higher on Friday afternoon, with soybean values sharply higher.
Stronger soybean meal values, a
dry extended weather forecast and speculative buying at the
Board of Trade moved soybean futures sharply higher.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were up 7 to 11 cents at 5.98-6.31.
Soybean bids were 41 to 42 cents
higher at 14.08-14.33.
In Central Illinois country grain dealers quoted shelled corn
bids were 8 cents higher at 6.15-6.46.
Soybean bids were 41 to 46 cents
higher at
14.46-14.66.
In the Southern part of the state, shelled corn bids were mostly
8 to 10 cents higher at 5.66-6.41.
Soybean bids were mostly 40 to 48
cents higher at 14.08-14.40.
Wheat bids were up 4 cents at
6.00-6.20.
Illinois grains ended mixed this week at the Board of Trade,
with soybeans and corn higher and wheat slightly lower.
Monday at the Board of Trade
prices moved up supported by the drier than expected weekend
weather conditions for the cornbelt and also from a dry extended
weather forecast.
For much of the week, traders were
attentive to the Pro Farmers cornbelt crop tour, as they
traveled and evaluated the nation's corn and soybean crops.
This week's Illinois Weather and Crops report, released by the
Illinois Field office of the National Ag Statistics Service,
indicated the dry soil conditions are taking a toll on the
state's corn and soybean crops.
As of August 18th, the Illinois
corn crop placed 64% in the good to excellent category, down 4%
from one week ago.
The Illinois soybean crop was 5%
lower from last week at 65% good to excellent category.
Topsoil moisture declined 21% with
38% adequate, 1% surplus and 61% very short to short.
The western region was the driest
this week, with 70% of that area short of moisture.
This week it was closely followed
by the west
southwest region with 68% short.
This week there was 70% in the
dough stage, compared to 96% last year and the five year average
of 78%.
There was 14% in the dent stage,
compared
to 77% last year and 41% for the five year average.
Though the state placed 14% in the
dent stage, there was a large portion of the figure coming from
the southeast region which had 58% in the dent stage.
That region could be one of the
first to harvest new crop corn.
There was 93% of the state's
soybean crop blooming, compared to 98% last year and 96% for the
five year average.
There was 76% of the state's
soybean crop setting pods, compared to 93% last year and 80% for
the five year average.
Due to the continuation of the dry
conditions, pasture conditions for grazing were down again, with
13% very poor to poor, with 40% fair and 47% rated good to
excellent.
The trading in the cash grain market was slow to moderate this
week.
To look at cash basis levels this
week, one could assume corn processors are not satisfied with
their inventory, while the soybean processors might be a little
more satisfied.
Basis figures for both commodities
remain very high, but soybeans weakened this week, while corn
got stronger.
The Central Illinois Soybean
Processors cash bids were up 2 cents to 14.27-14.47, with basis
20 cents lower ranging from +140X to +160X.
At the Central Illinois Corn
Processors cash bids were 25 to 31 cents higher ranging from
6.52-6.61, with basis 19 to 25 cents higher at +165U to +174U.
At the Illinois River terminals
south of Peoria, cash corn bids were up 23 to 31 cents ranging
from 5.92-5.99, with basis 17 to 25 cents stronger ranging from
+105U to +112U.
[to top of second
column] |
Cash soybean bids gained 11 to 25
cents with bids ranging from 13.56-13.86, with basis mixed
ranging from +70X to +100X.
Wheat bids were 12 to 23 cents
lower ranging from 5.95-6.00, with basis 5 to 16 cents lower at
-35U to -30U.
At the Illinois River terminals
north of Peoria,
cash corn bids gained 13 to 15 cents to 6.24-6.32, with basis up
7 to 9 cents at +137U to +145U.
Cash soybean bids were up 1 to 6
cents to range from 14.02-14.07, with basis down 15 to 19 cents
ranging from +115X to +120X.
Wheat bids were 3 to 11 cents
lower ranging
from 5.89-6.00, with basis down 4 to 6 cents at -41U to -30U.
At the St. Louis terminals cash
corn bids closed mixed ranging from 5.49-5.67, with soybeans up
25 to 31 cents ranging from 13.70-13.82.
Cash bids for Soft Red Winter
wheat were 7 cents lower at 6.19-6.20 and cash sorghum bids were
1.45 lower at 4.85-4.86.
In northern and western Illinois, cash corn bids to producers at
country elevators were up 5 to 12 cents at 5.91-6.20, with
central Illinois locations 17 to 21 cents higher at 6.07-6.38
and in southern Illinois bids were mixed ranging from 5.56-5.93.
Cash soybean bids in northern and
western locations were up 11 to 17 cents at 13.66-13.92, with
central Illinois bids steady to 6 cents higher at 14.00-14.25
and southern Illinois bids were mixed ranging from 13.60-13.87.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois fell 6 to 7 cents ranging from
6.16.
 ___
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 |
6.15 - 6.31 |
14.08 - 14.26 |
|
|
WESTERN |
5.98 - 6.17 |
14.25 - 14.33 |
|
|
N. CENT. |
6.15 - 6.45 |
14.46 - 14.63 |
|
|
S. CENTRAL |
6.30 - 6.46 |
14.56 - 14.66 |
|
|
WABASH |
5.96 - 6.01 |
14.08 - 14.10 |
6.05 - 6.20 |
|
W.S. WEST |
5.71 - 6.41 |
14.15 - 14.40 |
6.08 - 6.19 |
|
L. EGYPT |
5.66 - 5.81 |
14.08 - 14.18 |
6.00 - 6.10 |
Central Illinois average price
Corn: 6.30 1/2 (+135 U)
Soybeans:
14.56 (+128 X)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
4.43 - 4.54 |
12.93 - 13.08 |
|
|
WESTERN |
4.43 - 4.57 |
12.97 - 13.04 |
|
|
N. CENT. |
4.46 - 4.57 |
13.02 - 13.18 |
|
|
S. CENTRAL |
4.45 - 4.57 |
13.04 - 13.14 |
|
|
WABASH |
4.45 - 4.55 |
13.08 - 13.18 |
|
|
W.S. WEST |
4.44 - 4.58 |
13.19 - 13.26 |
|
|
L. EGYPT |
4.44 - 4.47 |
13.08 - 13.18 |
|
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
8/22/2013 |
8/15/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.22
1/2 +135U |
6.03 1/2 +122U |
|
Soybeans |
14.12 1/2 +126X |
14.09 1/2 +144X |
Annual Comparison
|
|
July
2013 |
August 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.60
1/2 +132U |
8.15 +11 1/2U |
|
Soybeans |
15.19 +85 1/2Q |
17.09 +44 1/2X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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