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Illinois country grain prices were
mixed on Friday afternoon, with corn and soybean futures lower
and wheat slightly higher. Technical selling at the Board of
Trade weakened corn and soybean values.
Many traders are looking forward
to next Thursday's release of the Quarterly Grain Stocks and
Prospective Planting reports.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 6 to 7 cents lower at 7.24-7.51.
Soybean bids were 5 to 8 cents
lower at 14.27-14.45.
In Central Illinois country grain dealers quoted shelled corn
bids were 7 to 8 cents lower at 7.35-7.46.
Soybean bids were 7 to 9 cents
lower at
14.51-14.64.
In the Southern part of the state, shelled corn bids were mostly
6 to 10 cents lower at 7.13-7.61.
Soybean bids were mostly 8 to 10
cents lower at 14.45-14.76. Wheat bids were 1 cent higher at
7.25-7.45.
Illinois grains ended higher this week at the Board of Trade.
Wheat futures were supported by good domestic demand, but export
demand was moderate to good this week.
Soybeans gained some late week
strength as export prospects increased due to the slow shipping
pace in South America. Corn futures remained strong, supported
by strong cash markets and domestic demand.
Many grain traders are looking
forward to the series of USDA reports to be released next
Thursday, the 28th.
At that time the USDA will release
the Prospective Planting and the much anticipated Quarterly
Grain Stocks reports.
The trading in the cash grain market was slow to moderate this
week.
The movement of some cash corn was
noted on Wednesday, as prices had been at some of the higher
levels for some time.
Movement was enough to weaken
basis at many terminals and processors.
The cash soybean basis
strengthened on Thursday at many river terminals due to an
increase in the gulf basis.
The Central Illinois Soybean
Processors cash bids were 4 to 9 cents higher ranging from
14.74-14.99, with basis down 5 to 10 cents ranging from +25K to
+50K.
The Central Illinois Corn
Processors cash bids were 12 to 15 cents higher ranging from
7.61-7.68, with basis 2 to 5 cents lower at +28K to +35K.
At the Illinois River terminals
south of Peoria, cash corn bids ended 12 to 13 cents higher
ranging from 7.45-7.48, with basis down 4 to 5 cents to +12K to
+15K.
Cash soybean bids gained 13 cents
to 14.65-14.70, with basis down 1 cent ranging from +16K to
+21K.
New crop wheat bids for delivery
in July 2013 ended 3 to 7 cents higher ranging from 7.17-7.19,
with basis steady to 4 cents lower at -10N to -8N.
At the Illinois River terminals
north of Peoria, cash corn bids were up 9 to 12 cents at
7.42-7.48, with basis down 5 to 8 cents to range from +9K to
+15K.
Cash soybean bids were up 21 to 24
at 14.69-14.71, with basis 7 to 10 cents higher ranging from
+20K to +22K.
New crop wheat bids for July 2013
delivery gained 9 to 15 cents to range from 7.25-7.27, with
basis 2 to 8 cents higher at -2N to option N.
[to top of second column] |
At the St. Louis terminals cash
corn bids closed 6 to 9 cents higher ranging from 7.50-7.51,
with soybeans up 2 to 12 cents ranging from 14.74-14.75.
Cash bids for Soft Red Winter
wheat were up 7 cents to 7.58-7.59 and cash sorghum bids gained
20 cents to 7.35-7.36.
In northern and western Illinois, cash corn bids to producers at
country elevators were up 3 to 9 cents to 7.30-7.58, with
central Illinois locations gaining 15 to 16 cents at 7.42-7.58
and in southern Illinois bids were 15 to 16 cents higher ranging
from 7.22-7.68.
Cash soybean bids in northern and
western locations were up 8 to 10 cents at 14.35-14.50, with
central Illinois bids 9 to 12 cents higher at 14.58-14.73 and
southern Illinois bids gained 3 to 13 cents at 14.45-14.87.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations increased 4 cents to
7.24-7.44.
New crop wheat bids for June-July
delivery in southern Illinois were up 7 to 8 cents ranging from
6.96-7.21.
_____
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 |
7.24 - 7.51 |
14.33 - 14.45 |
|
|
WESTERN |
7.28 - 7.32 |
14.27 - 14.38 |
|
|
N. CENT. |
7.36 - 7.44 |
14.58 - 14.64 |
|
|
S. CENTRAL |
7.35 - 7.46 |
14.51 - 14.61 |
|
|
WABASH |
7.46 - 7.56 |
14.62 - 14.71 |
7.25 - 7.38 |
|
W.S. WEST |
7.13 - 7.36 |
14.45 - 14.58 |
7.25 - 7.38 |
|
L. EGYPT |
7.54 - 7.61 |
14.66 - 14.76 |
7.35 - 7.45 |
Central Illinois average price
Corn: 7.40 1/2 (+14 K)
Soybeans:
14.57 1/2 (+17 K)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.31 - 5.43 |
12.26 - 12.34 |
|
|
WESTERN |
5.28 - 5.39 |
12.24 - 12.34 |
|
|
N. CENT. |
5.30 - 5.41 |
12.26 - 12.35 |
|
|
S. CENTRAL |
5.31 - 5.44 |
12.35 - 12.44 |
|
|
WABASH |
5.37 - 5.50 |
12.34 - 12.40 |
7.05 - 7.09 |
|
W.S. WEST |
5.35 - 5.46 |
12.37 - 12.49 |
7.20 - 7.23 |
|
L. EGYPT |
5.40 - 5.50 |
12.34 - 12.47 |
6.98 - 7.12 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
3/21/2013 |
3/14/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.50 +17K |
7.34 1/2 +18K |
|
Soybeans |
14.65 1/2 +16 1/2K
|
14.54 +18 1/2K |
Annual Comparison
|
|
February 2013 |
March 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.15
+7 1/2H |
6.46 - 1 1/2K |
|
Soybeans |
14.67 +11H |
13.33 -19 1/2K |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
