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Illinois country grain prices were
mixed on Friday afternoon, with corn and soybeans higher and
wheat slightly lower.
Technical trading at the Board of
Trade supported today's higher corn and soybeans prices.
Soybean prices were also supported
by the rise in the cost of soybean meal.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 4 to 12 cents higher at 6.79-7.00.
Soybean bids were 3 to 21 cents
higher at 15.08-15.23.
In Central Illinois country grain dealers quoted shelled corn
bids were 12 to 13 cents lower at 6.80-6.91.
Soybean bids were 17 to 20 cents
higher at 15.32-15.49.
In the Southern part of the state, shelled corn bids were 11 to
10 cents lower at 6.62-6.98.
Soybean bids were 19 to 24 cents
higher at 15.10-15.48.
Wheat bids were 5 to 10 cents
lower at 6.63-6.86.
Illinois grains ended mixed this
week at the Board of Trade, with soybeans ending higher and corn
and wheat values lower.
This week strong cash markets
continued to support corn and soybean values.
Basis levels remained strong and
cash movement was slow.
Wheat futures received support
from low crop condition ratings for the US crop from the USDA's
Weekly Crop Progress report.
However, beneficial moisture for
the Australian and Russian crops weakened
wheat values.
Corn prices were pushed lower by a
drier extended weather forecast and planting progress.
The USDA still had the slowest
corn planting pace for the US crop since 1984 in its report on
Monday.
This week's Illinois Weather and Crops report, released by the
Illinois Field office of the
National Ag Statistics Service, indicated corn planting progress
was very slow again last week.
As of May the 12th, Illinois
farmers had planted just 17% of their corn crop, compared to 64%
for the five year average and the slowest since 1984.
The state's oat crop was 78%
planted,
compared to 99% last year and 93% for the five year average.
The wheat crop in Illinois made
some improvement from last week by placing 73% in the good to
excellent category, with 23%
fair and only 4% in the very poor to poor range.
The trading in the cash grain market remained slow this week.
Many producers were distracted
with corn planting duties and gave a little less attention to
selling grain.
While river terminals and
processors are still very competitive in buying grain, some
weakness in the gulf basis might have given a small advantage to
the processors at the end of the week.
The Central Illinois Soybean
Processors cash bids gained 19 to 20 cents ranging from
15.39-15.62, with basis steady to 2 cents higher ranging from
+112N to +135N.
At the Central Illinois Corn
Processors cash bids were steady to 8 cents higher ranging from
6.89-6.96, with basis steady to 8 cents higher at +48N to +55N.
At the Illinois River terminals
south of Peoria, cash corn bids ended steady ranging from
6.91-6.97, with basis 8 cents higher ranging from +50N to +55N.
Cash soybean bids were up 22 to 26
cents with bids ranging 15.32-15.39, with basis up
4 to 8 cents higher ranging from +105N to +112N.
[to top of second column] |
New crop wheat bids for delivery
in July
2013 were down 35 to 36 cents lower ranging from 6.78-6.81, with
basis steady to 1 cent lower at -10N to -7N.
At the Illinois River terminals
north of Peoria, cash corn bids were steady at 6.86-6.94, with
basis 8 cents higher at +45N to +52 1/2 N.
Cash soybean bids gained 23 to 26
cents to 15.23-15.33, with basis 5 to 8 cents higher ranging
from +96N to +106N.
New crop wheat bids for July 2013
delivery ended 31 to 35 cents lower to range from 6.78-6.88,
with basis steady to 4 cents higher at -10N to option N. At the
St. Louis terminals cash corn bids closed 3 cents higher ranging
from 6.86-6.87, with soybeans up 24 cents ranging from
15.47-15.48.
Cash bids for Soft Red Winter
wheat were 31 cents lower at 7.12-7.13 and cash sorghum bids
were 6 cents lower at 6.52-6.53.
In northern and western Illinois, cash corn bids to producers at
country elevators were down 3 to 4 cents at 6.68-6.86, with
central Illinois locations 6 to 7 cents lower at 6.68-6.78 and
in southern Illinois bids fell mostly 2 cents ranging from
6.51-6.87.
Cash soybean bids in northern and
western locations were 16 to 26 cents higher at 14.95-15.05,
with central Illinois bids
gained 24 to 25 cents at 15.15-15.29 and southern Illinois bids
were up 24 to 30 cents at 15.10-15.24.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations ended 29 to 36 cents
lower ranging from 6.68-6.96.
New crop wheat bids for June-July
delivery in
southern Illinois were down 32 to 35 cents ranging from
6.58-6.85.
___
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 |
6.83 - 7.00 |
15.08 - 15.18 |
|
|
WESTERN |
6.79 - 6.90 |
15.14 - 15.23 |
|
|
N. CENT. |
6.80 - 6.87 |
15.32 - 15.43 |
|
|
S. CENTRAL |
6.81 - 6.91 |
15.34 - 15.49 |
|
|
WABASH |
6.81 - 6.98 |
15.29 - 15.41 |
6.63 - 6.70 |
|
W.S. WEST |
6.62 - 6.71 |
15.32 - 15.45 |
6.83 - 6.84 |
|
L. EGYPT |
6.88 - 6.98 |
15.34 - 15.48 |
6.73 - 6.86 |
Central Illinois average price
Corn: 6.85 1/2 (+32 1/2
N)
Soybeans:
15.40 1/2 (+92 N)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
4.85 - 5.00 |
11.91 - 12.08 |
|
|
WESTERN |
4.82 - 4.91 |
11.90 - 12.09 |
|
|
N. CENT. |
4.82 - 4.93 |
11.87 - 12.00 |
|
|
S. CENTRAL |
4.85 - 5.03 |
11.99 - 12.13 |
|
|
WABASH |
4.92 - 5.10 |
11.98 - 12.16 |
6.53 - 6.63 |
|
W.S. WEST |
4.89 - 4.98 |
12.05 - 12.14 |
6.63 - 6.81 |
|
L. EGYPT |
4.97 - 5.04 |
11.96 - 12.16 |
6.63 - 6.71 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
5/16/2013 |
5/9/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.73 +31 1/2N |
6.79 1/2 +31N
|
|
Soybeans |
15.22 +94 1/2N |
14.97 1/2 +89N |
Annual Comparison
|
|
April 2013 |
May
2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.57
+ 8K |
6.27 +26K |
|
Soybeans |
14.30 +20 1/2K |
14.04 -14K |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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