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Illinois country grain prices were
mixed on Friday, with corn higher and wheat and soybeans lower.
Corn values were supported by a
more positive outlook for the ethanol industry. Beneficial rains
on the newly planted Brazilian soybean crop was a primary cause
for the sell-off.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 5 to 7 cents higher at 7.06-7.21.
Soybean bids were 19 to 22 cents
lower at 13.48-13.69.
In Central Illinois country grain dealers quoted shelled corn
bids were 5 to 7 cents higher at 7.19-7.33.
Soybean bids were 19 to 24 cents
lower at
13.64-13.78.
In the Southern part of the state, shelled corn bids were mostly
5 to 7 cents higher at 7.07-7.43.
Soybean bids were 19 to 25 cents
lower at 13.65-13.98.
Wheat bids were 5 to 8 cents lower
at 8.18-8.33.
Illinois grains and soybean bids closed moderate to sharply
lower.
The grains opened Monday in a
negative tone following a bearish USDA report last Friday.
Additional pressure for corn and
soybeans came from favorable weather in South America, along
with economy worries and uncertainties compelling the markets.
The stock market was lower with
crude oil having sharp losses and precious metals also lower.
Chicago December corn futures
trended 20
cents lower at 7.21.
January soybean futures closed .94
cents lower at 14.02.
Soybean futures were sharply lower
for the week in response early in the week from the bearish USDA
Supply and Demand Reports.
However, some positive news from
overnight export announcement and bullish NOPA crush numbers
limit the losses for soybeans.
NOPA crush came in well above
estimates at 153.54 million bushels as compared to 119.73 in
September.
Wheat also saw some support from
lower winter wheat crop ratings which came in at 36 percent good
to excellent, down 3 percent from last week.
Wheat was 45-50 cents lower.
Corn was mostly 16-22 cents lower.
Cash basis at Illinois River
terminals started the week higher, but ended lower on concerns
of river closures or reduced traffic on the Mississippi River
south of St Louis.
Lower water levels from the
drought are blamed for the closure.
The trading in the cash grain market was slow.
The Central Illinois Soybean
Processors cash
bids dropped 91 to 93 cents to 14.17 to 14.22, with basis 1 to 3
cents higher at +14F to +17F.
The Central Illinois Corn
Processors cash bids were down 20 cents ranging from 7.21-7.31,
with basis steady ranging from option Z to +10Z.
At the Illinois River terminals
south of Peoria,
cash corn bids ended 3 to 5 cents lower ranging from 7.22-7.31,
with basis 15 to 20 cents higher at 1Z to 10Z.
Cash soybean bids lost 88 to 91
cents at 14.05-14.14, with basis 3 to 6 cents higher ranging
from 3F to 12F.
New crop wheat bids for delivery
in July 2013 ended 40 to 41 cents lower ranging from 8.23-8.24,
with basis steady to 1 cents higher at -31N to -30N.
At the Illinois River terminals
north of Peoria, cash corn bids fell 8 to 9 cents to 7.09-7.23,
with basis 2 to 13 cents higher at -12Z to 2Z.
[to top of second column]
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Cash soybean bids were down 96 to
97 cents to 13.97-14.02, with basis 2 to 3 cents lower ranging
from -5F to Opt F.
New crop wheat bids for July 2013
delivery lost 41 cents to range from 8.28-8.30, with basis
steady at -27N to -25N.
At the St. Louis terminals cash
corn bids were steady to 34 cents lower at 6.92-7.42, with
soybeans down 84 cents ranging from 14.26-14.27.
Cash bids for Soft Red Winter
wheat lost
50 cents to 8.40-8.41 and cash sorghum bids were 9 cents lower
to range from 6.81-6.82.
In northern and western Illinois, cash corn bids to producers at
country elevators were 18 to 23 cents lower at 7.00-7.15, with
central Illinois locations down 18 to 21 cents at 7.13-7.27 and
in southern Illinois bids were steady to 18 cents lower to range
from 7.05-7.37.
Cash soybean bids in northern and
western locations were 90 to 93 cents lower at 13.70-13.88 with
central Illinois bids down 94 cents at 13.84-13.97 and southern
Illinois bids fell 82 to 89 cents to range from 13.87-14.17.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations lost 60 to 62 cents
to 8.25-8.41.
New crop wheat bids for June-July
delivery in southern Illinois lost 39 to 41 cents to range from
8.00-8.25.
___
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 |
7.10 - 7.21 |
13.48 - 13.60 |
|
|
WESTERN |
7.06 - 7.20 |
13.60 - 13.69 |
|
|
N. CENT. |
7.19 - 7.30 |
13.64 - 13.76 |
|
|
S. CENTRAL |
7.22 - 7.33 |
13.65 - 13.78 |
|
|
WABASH |
7.29 - 7.43 |
13.70 - 13.90 |
8.23 - 8.33 |
|
W.S. WEST |
7.07 - 7.17 |
13.82 - 13.95 |
8.31 - 8.32 |
|
L. EGYPT |
7.35 - 7.43 |
13.65 - 13.98 |
8.18 - 8.23 |
Central Illinois average price
Corn: 7.26 (- 1 Z)
Soybeans:
13.71 (-12 F)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.26 - 7.42 |
13.50 - 13.63 |
|
|
WESTERN |
7.14 - 7.28 |
13.65 - 13.68 |
|
|
N. CENT. |
7.26 - 7.36 |
13.71 - 13.83 |
|
|
S. CENTRAL |
7.33 - 7.45 |
13.76 - 13.86 |
|
|
WABASH |
7.39 - 7.53 |
13.79 - 13.90 |
8.06 - 8.16 |
|
W.S. WEST |
7.12 - 7.23 |
13.79 - 13.90 |
8.00 - 8.06 |
|
L. EGYPT |
7.47 - 7.56 |
13.73 - 13.88 |
8.05 - 8.14 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
11/15/2012 |
11/8/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.20 - 1Z |
7.39 1/2 + 2 1/2Z
|
|
Soybeans |
13.90 1/2 -11F |
14.84 1/2 -11 X |
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]
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