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Illinois country grain prices were
lower on Friday afternoon, with corn moderately lower and
soybeans and wheat sharply lower.
Beneficial crop weather for the
South American crops and slower than expected export sales
weighted on soybean futures.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were mixed at 6.66-6.95.
Soybean bids were mostly 14 to 18
cents lower at 13.47-13.68.
In Central Illinois country grain dealers quoted shelled corn
bids were 7 to 9 cents lower at 6.73-6.92.
Soybean bids were 14 to 19 cents
lower at
13.70-13.82.
In the Southern part of the state, shelled corn bids were mixed
at 6.63-7.00.
Soybean bids were 16 to 18 cents
lower at 13.82-14.04.
Wheat bids were mixed at
7.34-7.52.
Illinois grains ended lower for the week.
Many traders are probably glad the
holiday interruptions are over so trading will get back to
normal.
Removing the thought of the fiscal
cliff helps to remove one of the clouds over the grain futures.
Better weather for the South
American crops and more cancellations of US soybean purchases by
China weighed on soybean futures.
Fund selling and liquidation also
helped to pull grain futures down this week.
The trading in the cash grain market was slow.
With the year-end selling out of
the way, many farmers will look for prices to rally before
making any additional sales for those who have any grain to
sell.
Basis was stronger this week at
many
locations.
Many merchandisers at the
processors and river terminals switched their spot month for
soybeans from January (F) to March (H), so measurement of the
basis increase is not available.
The possible closure of the
Mississippi River is on the minds of grain merchandisers along
the Illinois River.
Both the demand and possible
closure of the river has some merchandisers using a quick
shipment bid for corn and soybeans to get them on their way down
the river.
So if you are leaning to make a
sale, it might pay to give your merchandiser a call.
The Central Illinois Soybean
Processors cash bids fell 19 to 22 cents to 14.11-14.24, with at
+25H to +38H.
The Central Illinois Corn
Processors cash bids were 1 to 2 cents lower ranging from
6.93-7.04, with basis steady to 1 cent higher ranging from +4H
to +15H.
At the Illinois River terminals
south of
Peoria, cash corn bids ended 3 to 8 cents higher ranging from
6.74-6.75, with basis 5 to 10 cents higher at -15H to -14H.
Cash soybean bids dropped 20 to 21
cents to 14.16-14.23, with basis ranging from 30H to 37H.
New crop wheat bids for delivery
in July 2013 ended 14 to 19 cents lower ranging from 7.29-7.46,
with basis steady to 5 cents higher at -42N to -25N.
At the Illinois River terminals
north of Peoria, cash corn bids gained 9 to 10 cents to
6.84-6.91, with basis up 11 to 12 cents at -5H to +2H.
[to top of second column] |
Cash soybean bids were down 15 to
20 cents at 14.09-14.14, with basis ranging from +221/2 H to
+28H.
New crop wheat bids for July 2013
delivery fell 17 to 19 cents to range from 7.41-7.44, with basis
steady to 2 cents higher at -30N to -27N.
At the St. Louis terminals cash
corn bids were mixed at 6.63-6.64, with soybeans mostly 18 cents
lower ranging from 14.32-14.50.
Cash bids for Soft Red Winter
wheat fell 1 cent to 7.60-7.61 and cash sorghum bids were steady
to range from 6.53-6.54.
In northern and western Illinois, cash corn bids to producers at
country elevators dropped 3 to 17 cents at 6.70-6.82, with
central Illinois locations down 2 cents at 6.82-6.99 and in
southern Illinois bids were mostly 2 cents higher ranging from
6.93-7.09.
Cash soybean bids in northern and
western locations were down 21 to 27 cents at 13.61-13.85 with
central Illinois bids 23 to 24 cents lower at 13.84-14.01 and
southern Illinois bids dropped 15 to 24 cents to range from
14.04-14.20.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations fell 7 to 12 cents
to 7.44-7.60.
New crop wheat bids for June-July
delivery in southern Illinois dropped 19 to 25 cents to range
from 7.19-7.41.
___
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 |
6.45 - 6.74 |
13.60 - 13.68 |
|
|
WESTERN |
6.66 - 6.73 |
13.47 - 13.65 |
|
|
N. CENT. |
6.73 - 6.83 |
13.70 - 13.82 |
|
|
S. CENTRAL |
6.77 - 6.92 |
13.72 - 13.79 |
|
|
WABASH |
6.84 - 6.95 |
13.82 - 13.91 |
7.34 - 7.52 |
|
W.S. WEST |
6.63 - 6.78 |
13.85 - 13.95 |
7.44 - 7.47 |
|
L. EGYPT |
6.90 - 7.00 |
13.86 - 14.04 |
7.37 - 7.52 |
Central Illinois average price
Corn: *** 6.82 1/2 (+ 2
H)
Soybeans:
13.76 (+ 9 H)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.30 - 5.45 |
12.27 - 12.42 |
|
|
WESTERN |
5.26 - 5.37 |
12.27 - 12.37 |
|
|
N. CENT. |
5.37 - 5.47 |
12.38 - 12.47 |
|
|
S. CENTRAL |
5.37 - 5.52 |
12.35 - 12.52 |
|
|
WABASH |
5.32 - 5.47 |
12.37 - 12.47 |
7.30 - 7.33 |
|
W.S. WEST |
5.24 - 5.39 |
12.32 - 12.47 |
7.11 - 7.18 |
|
L. EGYPT |
5.52 - 5.56 |
12.37 - 12.47 |
7.31 - 7.43 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
1/3/2012 |
12/27/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.901/2 +1H |
6.921/2 +1H |
|
Soybeans |
13.921/2 +6H |
14.16 -3F |
Annual Comparison
|
|
December 2012 |
January 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.23 option H |
6.25 -6H |
|
Soybeans |
14.50 -8F |
11.82 -221/2 H |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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