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Illinois country grain prices were
higher on Friday afternoon.
Trading activity continues to slow
down as traders approach the holiday week.
Soybean futures recovered from
this week's lower trend to close higher.
Technical and fund buying at the
Board of Trade helped to lift prices.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids mostly 5 to 7 cents higher at 6.84-7.05.
Soybean bids were 22 to 26 cents
higher at 14.06-14.14.
In Central Illinois country grain dealers quoted shelled corn
bids were 4 to 8 cents higher at 6.93-7.11.
Soybean bids were 20 to 27 cents
higher at
14.17-14.37.
 In the Southern part of the state, shelled corn bids were mostly
5 to 10 cents higher at 6.82-7.18.
Soybean bids were 18 to 25 cents
higher at 14.32-14.52.
Wheat bids were higher at
7.69-7.92.
Illinois grains ended lower for the week, with soybeans ending
sharply lower.
Several announcements by the USDA
weighed on soybean futures, both announcements were
cancellations of US soybeans sold to China.
For the week the Chinese
cancelled, over a two day period, a total of 840,000 tonnes of
US soybeans.
Corn futures continued to be
pressured
by slow exports and export demand.
Beneficial moisture for the Plain
states helped to push wheat values down.
As the holiday week nears, trading
activity gets a little slower.
The Board of Trade will close at
noon on Monday and will remain closed for grain trading until
Wednesday.
The trading in the cash grain market was slow, as the lower bids
to producers had many looking for higher prices in the future.
Basis seemed to firm for both corn
and soybeans as prices fell during the week.
Many eyes continue to be on the
developments on the Mississippi
River.
This week contractors started to
remove rock, helping to deepen the channel.
Many have their fingers crossed
that rain will cover the watershed north of St. Louis to help
the water come up naturally.
The Central Illinois Soybean
Processors cash bids dropped 67 cents to 14.24-14.34, with basis
steady at +15F to +25F.
The Central Illinois Corn
Processors cash bids
were down 23 to 24 cents ranging from 6.99-7.06, with basis
steady to 1 cent higher ranging from +3H to +10H.
At the Illinois River terminals
south of Peoria, cash corn bids ended 24 to 26 cents lower
ranging from 6.71-6.77, with basis steady to down 2 cents at
-25H to -19H.
Cash soybean bids fell 52 to 63
cents to 14.24-14.25, with basis 4 to 15 cents higher ranging
from 15F to 16F. New crop wheat bids for delivery in July 2013
ended 21 cents lower ranging from 7.66-7.78, with basis steady
at -42N to -30N.
At the Illinois River terminals
north of
Peoria, cash corn bids lost 17 to 19 cents to 6.81-6.88, with
basis up 5 to 7 cents at -15H to -8H.
Cash soybean bids were down 62 to
65 cents at 14.09-14.17, with basis 2 to 5 cents
higher ranging from option F to +8F.
[to top of second column] |
New crop wheat bids for July 2013
delivery fell 21 cents to range from 7.73-7.81, with basis
steady at -35N to -27N.
At the St. Louis terminals cash
corn bids were down 22 to 23 cents at 6.57-6.76, with soybeans
down 59 to 69 cents ranging
from 14.44-14.48.
Cash bids for Soft Red Winter
wheat fell 18 cents to 7.80-7.81 and cash sorghum bids were 23
cents lower to range from 6.58-6.59.
In northern and western Illinois, cash corn bids to producers at
country elevators dropped 12 to 19 cents at 6.83-7.04, with
central Illinois locations down 24 to 26 cents at 6.88-7.05 and
in southern Illinois bids were 23 to 29 cents lower to range
from 6.65-7.13.
Cash soybean bids in northern and
western locations were down 57 to 64 cents at 13.84-13.92 with
central Illinois bids 64 to 65 cents lower at 13.95-14.12 and
southern Illinois bids lost 62 to 64 cents to range
from 14.11-14.33.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations dropped 29 to 31
cents to 7.52-7.80.
New crop wheat bids for June-July
delivery in southern Illinois lost 22 to 23 cents to range from
7.52-7.78.
___
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 |
6.89 - 7.05 |
14.06 - 14.13 |
|
|
WESTERN |
6.84 - 6.92 |
14.08 - 14.14 |
|
|
N. CENT. |
6.93 - 7.05 |
14.17 - 14.31 |
|
|
S. CENTRAL |
7.00 - 7.11 |
14.24 - 14.37
|
|
|
WABASH |
7.05 - 7.12 |
14.38 - 14.41 |
7.78 - 7.92 |
|
W.S. WEST |
6.82 - 6.91 |
14.32 - 14.43 |
7.69 - 7.77
|
|
L. EGYPT |
7.09 - 7.18 |
14.41 - 14.52 |
7.72 - 7.76 |
Central Illinois average price
Corn: 7.02
(+ 0 H)
Soybeans:
14.27 (- 4 F)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.60 - 5.68 |
12.50 - 12.66 |
|
|
WESTERN |
5.61 - 5.72 |
12.44 - 12.61 |
|
|
N. CENT. |
5.66 - 5.77 |
12.60 - 12.70 |
|
|
S. CENTRAL |
5.72 - 5.87 |
12.61 - 12.76 |
|
|
WABASH |
5.80 - 5.87 |
12.61 - 12.71 |
7.75 - 7.79 |
|
W.S. WEST |
5.65 - 5.74 |
12.56 - 12.67 |
7.53 - 7.64 |
|
L. EGYPT |
5.82 - 5.91 |
12.60 - 12.71 |
7.67 - 7.77 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
12/20/2012 |
12/13/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.96 1/2 opt H
|
7.21 1/2 +1 1/2 H
|
|
Soybeans |
14.03 1/2 - 5 1/2 F
|
14.68 -8 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]
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