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Illinois country grain prices were
lower on Friday.
Technical selling at the Board of
Trade sent futures lower.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 3 to 7 cents lower at 7.28-7.45.
Soybean bids were 7 to 10 cents
lower at 14.02-14.21.
In Central Illinois country grain dealers quoted shelled corn
bids were 4 to 7 cents lower at 7.40-7.58.
Soybean bids were 7 to 10 cents
lower
at 14.20-14.33.
In the Southern part of the state, shelled corn bids were 3 to 6
cents lower at 7.20-7.66.
Soybean bids were 5 to 10 cents
lower at 14.38-14.54.
Wheat bids were 20 to 25 cents
lower at 8.25-8.42.
Illinois grains and soybean bids closed higher when compared to
two weeks ago.
Strong demand, commercial buying,
and a good inspected-for-export figure for the week ending
November 21 of 45.5 million bushels were factors that supported
the soybean futures in the beginning of the week.
Noncommercial selling and crop
friendly weather forecasted in South America pressured soybean
futures on Wednesday.
Wheat futures were supported
during the week by warm, dry weather conditions in the winter
wheat growing areas; with a declining good/excellent crop
condition report of 33 percent, which is the record lowest
rating for this time of the year; tight global pipeline supplies
and a lower US Dollar on Wednesday.
Supporting factors to the corn
futures were spillover support from higher soybean and wheat
futures during the week, trade concerns over dry weather and low
Mississippi River water levels.
The trading in the cash grain market continued to be slow.
The Central Illinois Soybean
Processors cash bids gained 35 to 46 cents to 14.52 to 14.68,
with basis steady to 11 cents lower at +4F to +20F.
The Central Illinois Corn
Processors cash bids were up 30 cents ranging from 7.511/2
-7.611/2, with basis steady ranging from option Z to +10Z.
At the Illinois River terminals
south of Peoria, cash corn bids ended 15 to 19 cents higher
ranging from 7.401/2-7.461/2, with basis 12 to 15 cents higher
at -11Z to -5Z.
Cash soybean bids gained 40 to 41
cents at 14.45-14.55, with basis 5 to 6 cents lower ranging from
-3F to 7F.
New crop wheat bids for delivery
in July 2013 ended 31 to 32 cents higher ranging from
8.541/2-8.561/2, with basis steady to 1 cent lower at -32N to
-30N.
At the Illinois River terminals
north of Peoria, cash corn bids climbed 22 to 28 cents to
7.371/2-7.451/2, with basis 2 to 8 cents lower at -14Z to -6Z.
Cash soybean bids were up 38 to 43
cents to 14.35-14.45, with basis 3 to 8 cents lower ranging from
-13F to -3F.
New crop wheat bids for July 2013
delivery gained 31 to 32 cents to range from 8.591/2-8.601/2,
with basis steady to 1 cent lower at -27N to -26N.
At the St. Louis terminals cash
corn bids were 15 to 24 cents higher at 7.07-7.66, with soybeans
up 41 to 42 cents ranging from 14.68-14.78.
[to top of second column] |
Cash bids for Soft Red Winter
wheat gained 18 cents to 8.58-8.59 and cash sorghum bids were 29
to 31 cents higher to range from 7.12-7.13.
In northern and western Illinois, cash corn bids to producers at
country elevators were 34 to 36 cents higher at 7.30-7.49, with
central Illinois locations up 33 to 37 cents at 7.46-7.64 and in
southern Illinois bids were 20 to 33 cents higher to range from
7.25-7.70.
Cash soybean bids in northern and
western locations were 33 to 39 cents higher at 14.09-14.21 with
central Illinois bids up 43 to 45 cents at 14.29-14.47 and
southern Illinois bids climbed 46 to 54 cents to range from
14.41-14.63.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations gained 24 to 25
cents to 8.49-8.66.
New crop wheat bids for June-July
delivery in southern Illinois gained 28 to 37 cents to range
from 8.37-8.57.
_____
Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. xxx
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
7.38 - 7.45 |
14.02 - 14.13 |
|
|
WESTERN |
7.28 - 7.35 |
14.11 - 14.21 |
|
|
N. CENT. |
7.40 - 7.50 |
14.20 - 14.31 |
|
|
S. CENTRAL |
7.48 - 7.58 |
14.22 - 14.33 |
|
|
WABASH |
7.53 - 7.64 |
14.38 - 14.44 |
8.35 - 8.42 |
|
W.S. WEST |
7.20 - 7.39 |
14.38 - 14.44 |
8.32 - 8.40 |
|
L. EGYPT |
7.60 - 7.66 |
14.44 - 14.54 |
8.25 - 8.39 |
Central Illinois average price
Corn: 7.49 (+ 1 Z)
Soybeans:
14.26 1/2 (-12 1/2 F)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.37 - 7.49 |
14.04 - 14.16 |
|
|
WESTERN |
7.31 - 7.44 |
14.11 - 14.22 |
|
|
N. CENT. |
7.42 - 7.51 |
14.28 - 14.36 |
|
|
S. CENTRAL |
7.40 - 7.60 |
14.24 - 14.37 |
|
|
WABASH |
7.63 - 7.73 |
14.36 - 14.44 |
8.32 - 8.41 |
|
W.S. WEST |
7.35 - 7.42 |
14.28 - 14.40 |
8.30 - 8.31 |
|
L. EGYPT |
7.71
- 7.75 |
14.44 - 14.57 |
8.32
- 8.39 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
11/29/2012 |
11/15/2012
|
| |
Price--Basis |
Price--Basis |
|
Corn |
7.55 + 3 1/2Z |
7.20 - 1Z
|
|
Soybeans |
14.34 1/2 -13 1/2F
|
13.90 1/2 -11F |
Annual Comparison
|
|
October 2012 |
October 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.48 - 2Z |
6.23 - 9Z |
|
Soybeans |
15.27 -12X |
11.87 -27X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
