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Illinois country grain prices were
mixed on Friday afternoon, with corn and wheat lower and
soybeans higher.
Fund and technical selling at the
Board of Trade helped to push wheat futures lower.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 3 to 6 cents lower at 7.25-7.41.
Soybean bids were mixed at
14.48-14.67.
In Central Illinois country grain dealers quoted shelled corn
bids were 5 cents lower at 7.35-7.51.
Soybean bids were 3 to 7 cents
higher at
14.81-14.93.
In the Southern part of the state, shelled corn bids were 4 to 5
cents lower at 7.25-7.61.
Soybean bids were mixed at
14.76-15.02. Wheat bids were 10 to 12 cents lower at 7.60-7.80.
Illinois grains ended higher for the week.
Soybean futures were influenced by
the changing weather forecast for the South American soybean
crop and continued strong export demand.
Wheat futures gained strength from
the dry soil conditions in the western plain states and
export interest.
Corn futures were supported by the
higher wheat values and a slight increase in export interest.
The trading in the cash grain market was slow to moderate.
With cash basis levels strong for
both corn and soybeans, movement had been barely good enough to
keep the market satisfied. The river system to the gulf export
markets was doing its best to keep barges moving down the
Mississippi River.
The export demand was also very
good and was helping to keep basis firm.
Soybean processors were competing
with the river for cash soybeans and this competition kept basis
strong.
This week there was a change. A
frontal system helped to deliver enough rain for runoff to the
river system and the need to get barges down the river was not
so urgent.
The demand for soybeans from the
export market also fell leading to sharply lower cash soybean
basis levels at many river terminals.
The Central Illinois Soybean
Processors cash bids were 28 to 33 cents higher ranging from
14.93-15.08, with basis steady to 5 cents lower at +25H to +40H.
The Central Illinois Corn
Processors cash bids were up 19 to 26 cents ranging from
7.55-7.67, with basis 3 to 10 cents stronger ranging from +15H
to +27H.
At the Illinois River terminals
south of Peoria, cash corn bids ended 16 to 19 cents
higher ranging from 7.40-7.45, with basis steady to 3 cents
higher at option H to +5H.
Cash soybean bids gained 8 to 11
cents to 14.84-14.90, with basis down 22 to 25 cents ranging
from +16H to +22H.
New crop wheat bids for delivery
in July 2013 ended 11 to 12 cents higher ranging from 7.68-7.83,
with basis steady to 1 cent higher at -25N to -10N.
At the Illinois River terminals
north of Peoria, cash corn bids were up 17 to 21 cents stronger
to 7.42-7.46, with basis 1 to 5 cents higher at +2H to +6H.
Cash soybean bids were up 18 to 24
cents at 14.90-15.00, with basis 8 to 14 cents lower ranging
from +22H to +32H.
New crop wheat bids for July 2013
delivery gained 7 to 10 cents to range from 7.67-7.72, with
basis down 1 to 4 cents at
-26N to -21N.
[to top of second column] |
At the St. Louis terminals cash
corn bids were 21 to 24 cents higher at 7.48-
7.50, with soybeans gaining 10 to 11 cents ranging from
15.00-15.02.
Cash bids for Soft Red Winter
wheat gained 20 cents to 8.04-8.05 and cash sorghum bids were up
27 cents to range from 7.35-7.36.
In northern and western Illinois, cash corn bids to producers at
country elevators gained 16 cents at 7.28-7.47, with central
Illinois locations up 19 to 21 cents at 7.40-7.56 and in
southern Illinois bids were 17 cents higher ranging from
7.29-7.66.
Cash soybean bids in northern and
western locations were up 14 to 26 cents at 14.50-14.61 with
central Illinois bids 34 to 39 cents higher at 14.74-14.90 and
southern Illinois bids were up 24 to 26 cents at 14.79-14.99.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations gained 10 to 11
cents to 7.72-7.90.
New crop wheat bids for June-July
delivery in southern Illinois were 3 to 11 cents stronger to
range from 7.43-7.75.
_____
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 |
7.25 - 7.41 |
14.48 - 14.67 |
|
|
WESTERN |
7.25 - 7.33 |
14.49 - 14.65 |
|
|
N. CENT. |
7.35 - 7.44 |
14.81 - 14.89 |
|
|
S. CENTRAL |
7.37 - 7.51 |
14.82 - 14.93 |
|
|
WABASH |
7.42 - 7.53 |
14.92 - 14.96 |
7.60 - 7.73 |
|
W.S. WEST |
7.25 - 7.48 |
14.76 - 14.89 |
7.60 - 7.70 |
|
L. EGYPT |
7.51 - 7.61 |
14.94 - 15.02 |
7.61 - 7.80 |
Central Illinois average price
Corn: 7.43 (+ 7 H)
Soybeans:
14.87 (+13 H)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.50 - 5.64 |
12.90 - 12.99 |
|
|
WESTERN |
5.52 - 5.62 |
12.88 - 12.98 |
|
|
N. CENT. |
5.57 - 5.67 |
12.91 - 13.12 |
|
|
S. CENTRAL |
5.55 - 5.68 |
12.98 - 13.10 |
|
|
WABASH |
5.62 - 5.72 |
13.00 - 13.08 |
7.46 - 7.60 |
|
W.S. WEST |
5.50 - 5.62 |
13.03 - 13.18 |
7.28 - 7.42 |
|
L. EGYPT |
5.67 - 5.77 |
12.98 - 13.08 |
7.46 - 7.55 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
1/31/2013 |
1/24/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.48 + 7 1/2 H |
7.28 + 4H |
|
Soybeans |
14.82 +13 1/2 H |
14.45 1/2 +10H |
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]
 |
