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Illinois country grain
prices were higher on Friday.
Soybean futures were supported by
stronger soybean oil values and good export demand.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 10 to 12 cents higher at 7.12-7.28.
Soybean bids were 18 to 19 cents
higher at 14.59-14.77.
In Central Illinois country grain dealers quoted shelled corn
bids were mostly 9 to 11 cents higher at 7.22-7.40.
Soybean bids were mostly 18 to 20
cents higher at 14.74-14.98.
In the Southern part of the state, shelled corn bids were 10 to
11 cents higher at 7.05-7.46.
Soybean bids were mostly 16 to 20
cents higher at 14.95-15.17.
Wheat bids were 4 to 5 cents
higher at 7.87-8.14.
Illinois grains ended lower for the week, with wheat and corn
values sharply lower.
The reaction to the USDA's Supply
Demand report weakened wheat futures on Tuesday.
Prices were weakened by the higher
than expected carryout figure for wheat.
The USDA forecast was 754 million
bushels, up 50 million bushels from the November report.
World carryout figures for wheat
were also higher than the November report at 176.95 million
metric tonnes, up from 174.18 million metric tonnes forecasted
in November.
Corn and soybean futures were
influenced by exports this week.
Corn export numbers continue to
weigh on corn prices.
Weekly export figures this week
for corn came in under trade expectations at only 272,600 tonnes.
When you see the number for the
soybeans this week, it helps you to understand how
slow exports are for US corn.
Soybean weekly export sales were
over 1 million metric tonnes for the second week in a row, this
week totaling 1.319 million metric tonnes.
The trading in the cash grain market was slow to moderate.
The effect of the higher cost of
barge transportation and slow export sales has affected the
basis at many river terminals.
The spread between the river
terminals and processors continues to get wider, this week it
widened a little more.
As a benefit to many producers,
several terminals are allowing farmers to deliver grain for
January contracts.
It really helps to move grain when
weather conditions are more favorable.
If you have January contracts to
deliver, you might want to check with your delivery point.
The Central Illinois Soybean
Processors cash bids dropped 9 to12 cents to 14.91-15.01,
with basis up 3 to 6 cents at +15F to +25F.
The Central Illinois Corn
Processors cash bids
were down 26 to 29 cents ranging from 7.22-7.30, with basis up 2
to 5 cents ranging from +2H to +10H.
At the Illinois River terminals
south of Peoria, cash corn bids ended 33 to 37 cents lower
ranging from 6.95-7.03, with basis down 2 to 6 cents at -25H to
-17H.
Cash soybean bids fell 10 to 12
cents to 14.76-14.88, with basis 3 to 5 cents higher ranging
from option F to 12F.
New crop wheat bids for delivery
in July 2013 ended 44 to 50 cents lower ranging from
7.87-7.99, with basis steady to 6 cent lower at -42N to -30N.
At the Illinois River terminals
north of Peoria, cash corn bids lost 34 to 35 cents to
7.00-7.05, with basis down 3 to 4 cents at -20H to -15H.
[to top of second column] |
Cash soybean bids were down 14 to
17 cents at 14.71-14.82, with basis mixed ranging from -5F to
+6F.
New crop wheat bids for July 2013
delivery fell 44 to 49 cents to range from 7.94-8.02, with basis
steady to 5 cents lower at -35N to -27N.
At the St. Louis terminals cash
corn bids were down 28 to 32 cents at 6.80-6.98, with soybeans
up 2 to 11 cents ranging from 15.03-15.17.
Cash bids for Soft Red Winter
wheat fell 53 cents to 7.98-7.99 and cash sorghum bids were 32
cents lower to range from 6.81-6.82.
In northern and western Illinois, cash corn bids to producers at
country elevators dropped 26 to 34 cents at 7.02-7.16, with
central Illinois locations down 30 to 31 cents at 7.14-7.29 and
in southern Illinois bids were 34 to 36 cents lower to range
from 6.94-7.36.
Cash soybean bids in northern and
western locations were down 12 to 21 cents at 14.41-14.56 with
central Illinois bids 9 to 12 cents lower at 14.59-14.77 and
southern Illinois bids lost 13 to 14 cents to range
from 14.75-14.95.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations dropped 16 to 19
cents to 8.33-8.47.
New crop wheat bids for June-July
delivery in southern Illinois lost 43 to 56 cents to range from
7.75-8.00.
___
Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Fri.
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
7.15 - 7.28 |
14.61 - 14.77 |
|
|
WESTERN |
7.12 - 7.19 |
14.59 - 14.75 |
|
|
N. CENT. |
7.22 - 7.32 |
14.74 - 14.93 |
|
|
S. CENTRAL |
7.28 - 7.40 |
14.89 - 14.98 |
|
|
WABASH |
7.30 - 7.46 |
14.96 - 15.09 |
7.91 - 8.04 |
|
W.S. WEST |
7.05 - 7.19 |
14.95 - 15.10 |
7.87 - 8.04 |
|
L. EGYPT |
7.35 - 7.46 |
15.06 - 15.17 |
7.94 - 8.14 |
Central Illinois average price
Corn: 7.31 (+ 0
H)
Soybeans:
14.86 (-10 F)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.83 - 5.97 |
12.67 - 12.83 |
|
|
WESTERN |
5.83 - 5.93 |
12.62 - 12.74 |
|
|
N. CENT. |
5.87 - 5.99 |
12.77 - 12.88 |
|
|
S. CENTRAL |
5.93 - 6.04 |
12.78 - 12.91 |
|
|
WABASH |
5.97 - 6.18 |
12.85 - 12.88 |
7.95 - 8.03 |
|
W.S. WEST |
5.74 - 5.89 |
12.79 - 12.83 |
7.80 - 7.83 |
|
L. EGYPT |
6.03 - 6.12 |
12.87 - 12.90 |
7.92 - 8.01 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
12/13/2012 |
12/6/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.21 1/2 +1 1/2 H
|
7.52 + 1/2 H
|
|
Soybeans |
14.68 -8 1/2 F
|
14.77 1/2 -13 1/2 F |
Annual Comparison
|
|
November 2012 |
November 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.39 - 1Z |
6.26 - 3Z |
|
Soybeans |
14.39 -11X |
11.51 -24X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
