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Illinois country grain prices were
higher on Friday afternoon.
Wheat futures moved up supported
by export sales and export interest.
Soybean futures gained strength
from technical buying at the Board of Trade, as traders took
profit ahead of the holiday weekend.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 3 to 4 cents higher at 6.91-7.06.
Soybean bids were 6 cents higher
at 14.04-14.16.
In Central Illinois country grain dealers quoted shelled corn
bids were 1 to 4 cents higher at 6.95-7.17.
Soybean bids were 6 cents higher
at 14.28-14.39.
In the Southern part of the state, shelled corn bids were 4 to 5
cents higher at 6.94-7.24. Soybean bids were 7 cents higher at
14.30-14.51.
Wheat bids were 9 to 10 cents
higher at 7.37-7.57.
Illinois grains ended lower with soybeans sharply lower.
This was another week with little
new
fundamental news to trade on.
Soybeans had carryover weakness
from the USDA's Supply Demand report.
Soybean futures were also weakened
by sharply lower soybean meal futures and
technical and fund selling at the Board of Trade.
Beneficial rainfall for the Plain
states was good for their soil conditions, but helped to push
wheat futures lower.
The trading in the cash grain market was slow to moderate.
With several processors and
terminals
having a decent week of grain movement with futures prices
moving sharply lower.
The cash corn basis stayed strong
and moved higher throughout the week.
The soybean basis remained steady
at the processors, but moved lower at the river terminals due to
lower export demand.
The Central Illinois Soybean
Processors cash bids were 69 cents lower ranging from
14.44-14.58, with basis steady at +26H to +40H.
The Central Illinois Corn
Processors cash bids were down 11 to 14 cents ranging from
7.10-7.30, with basis moving 2 to 5 cents higher ranging from
+15H to +35H.
At the Illinois River terminals
south of Peoria, cash corn bids ended 10 to 13 cents lower
ranging from 7.08-7.12, with basis up 3 to 6 cents at +13H to
+17H.
Cash soybean bids lost 74 to 76
cents to
14.36-14.42, with basis down 5 to 7 cents ranging from +18H to
+24H.
New crop wheat bids for delivery
in July 2013 ended 18 to 27 cents lower ranging from 7.24-7.26,
with basis mixed at -20N to -18N.
At the Illinois River terminals
north of Peoria, cash corn bids were down 10 to 12 cents at
7.05-7.08, with basis 4 to 6 cents higher at +10H to +13H.
Cash soybean bids were down 74 to
77 cents at 14.34-14.37, with basis 5 to 8 cents lower ranging
from +16H to +19H.
New crop wheat bids for July 2013
delivery fell 18 to 19 cents to range from 7.19-7.25, with basis
steady to 1 cent higher at -25N to -19N.
[to top of second column] |
At the St. Louis terminals cash
corn bids were 11 cents lower at 7.09-7.10, with soybeans losing
68 to 73 cents ranging from 14.50-14.56.
Cash bids for Soft Red Winter
wheat fell 24 cents to 7.71-7.72 and cash sorghum bids were down
11 cents to range from 6.99-
7.00.
In northern and western Illinois, cash corn bids to producers at
country elevators lost 5 to 11 cents at 6.87-7.03, with central
Illinois locations down 16 to 18 cents at 6.94-7.13 and in
southern Illinois bids were 16 to 17 cents lower ranging from
6.89-7.20.
Cash soybean bids in northern and
western locations were down 75 to 76 cents at 13.98-14.10 with
central Illinois bids 65 to 69 cents lower at 14.22-14.33 and
southern Illinois bids dropped 69 to 76 cents at 14.23-14.44.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations lost 24 to 29 cents
to 7.27-7.48.
New crop wheat bids for June-July
delivery in southern Illinois were 25 to 31 cents lower to range
from 6.99-7.26.
_____
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 |
6.94 - 7.06 |
14.07 - 14.16 |
|
|
WESTERN |
6.91 - 7.00 |
14.04 - 14.15 |
|
|
N. CENT. |
6.95 - 7.08 |
14.31 - 14.39 |
|
|
S. CENTRAL |
7.08 - 7.17 |
14.28 - 14.37 |
|
|
WABASH |
7.10 - 7.24 |
14.37 - 14.45 |
7.37 - 7.50 |
|
W.S. WEST |
6.94 - 7.08 |
14.30 - 14.40 |
7.42 - 7.54 |
|
L. EGYPT |
7.14 - 7.24 |
14.44 - 14.51 |
7.47 - 7.57 |
Central Illinois average price
Corn: 7.06 (+ 7 H)
Soybeans:
14.33 1/2 (+ 9 H)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.22 - 5.40 |
12.20 - 12.39 |
|
|
WESTERN |
5.23 - 5.38 |
12.17 - 12.30 |
|
|
N. CENT. |
5.24 - 5.38 |
12.21 - 12.32 |
|
|
S. CENTRAL |
5.26 - 5.46 |
12.27 - 12.39 |
|
|
WABASH |
5.33 - 5.43 |
12.29 - 12.45 |
7.19 - 7.23 |
|
W.S. WEST |
5.23 - 5.33 |
12.34 - 12.48 |
7.07 - 7.20 |
|
L. EGYPT |
5.38 - 5.48 |
12.37 - 12.48 |
7.09 - 7.19 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
2/14/2013 |
2/7/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.03
1/2 +9H |
7.20 1/2 +10H |
|
Soybeans |
14.27 1/2 +9 1/2H |
14.94 1/2 + 8H |
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]
 |
