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Illinois country grain prices were
slightly higher on Friday afternoon.
The highest weekly export sales
figures in over a year fueled the rally in wheat.
Sales of over 1 million tonnes
were the highest since the 2010/2011 crop year. Export sales of
soybeans and soybean oil helped to lift soybean futures.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids mostly 3 cents higher at 6.76-7.02.
Soybean bids were 5 to 6 cents
higher at 13.93-14.12.
In Central Illinois country grain dealers quoted shelled corn
bids were 2 cents higher at 6.86-7.03.
Soybean bids were 4 to 5 cents
higher at
14.11-14.30.
In the Southern part of the state, shelled corn bids were 3
cents higher at 6.74-7.10.
Soybean bids were mostly 5 to 9
cents higher at 14.31-14.47.
Wheat bids were 6 to 12 cents
higher at 7.57-7.84.
Illinois grains ended mixed for the week, with soybeans up and
corn and wheat futures lower.
Light trading activity for the
holiday shortened week was normal and expected with many traders
out of the market and on vacation.
Beneficial moisture from this
week's snow storm helped to push wheat values lower, but several
announced export sales supported prices.
Soybean futures had some technical
buying as prices recovered from last week's sharp
declines. Soybeans and wheat received support from export
interest and sales.
The trading in the cash grain market was slow, with farmers
making some year-end sales.
Basis was firm for soybeans, with
corn basis steady to weak.
Export demand and the demand from
processors kept basis strong for soybeans.
The Central Illinois Soybean
Processors cash
bids gained 10 cents to 14.34-14.44, with basis steady at +15F
to +25F.
The Central Illinois Corn
Processors cash bids were steady to 5 cents lower ranging from
6.94-7.06, with basis steady to 5 cents higher ranging from +3H
to +15H.
At the Illinois River terminals
south of
Peoria, cash corn bids ended 5 cents lower ranging from
6.66-6.72, with basis steady at -25H to -19H.
Cash soybean bids increased 12 to
19 cents to 14.26-14.44, with basis 2 to 9 cents
higher ranging from 17F to 25F.
New crop wheat bids for delivery
in July 2013 ended 18 cents lower ranging from 7.48-7.60, with
basis steady at -42N to -30N.
At the Illinois River terminals
north of Peoria, cash corn bids lost 6 to 7 cents to 6.75-6.81,
with basis down 1 to 2 cents at
-16H to -10H.
Cash soybean bids were up 15 to 17
cents at 14.24-14.34, with basis 5 to 7 cents
higher ranging from 5F to 15F.
New crop wheat bids for July 2013
delivery fell 14 to 17 cents to range from 7.58-7.63, with basis
steady to 3 cents higher at -311/2 N to -27N.
[to top of second column] |
At the St. Louis terminals cash
corn bids were down 5 cents at 6.52-6.71, with soybeans up 3 to
6 cents ranging from 14.50-14.51.
Cash bids for Soft Red Winter
wheat fell 19 cents to 7.61-7.62 and cash sorghum bids were 5
cents lower to range from 6.53-6.54.
In northern and western Illinois, cash corn bids to producers at
country elevators dropped 1 to 5 cents at 6.73-6.99, with
central Illinois locations down 4 cents at 6.84-7.01 and in
southern Illinois bids were mixed to range from 6.71-7.07.
Cash soybean bids in northern and
western
locations were up 4 to 14 cents at 13.88-14.06 with central
Illinois bids 8 to 13 cents higher at 14.07-14.25 and southern
Illinois bids ended mixed to range from 14.19-14.31.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations fell 1 to 8 cents to
7.51-7.72.
New crop wheat bids for June-July
delivery in southern Illinois dropped 8 to 18 cents to range
from 7.44-7.60.
_____
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 |
6.84 - 7.02 |
14.03 - 14.12 |
|
|
WESTERN |
6.76 - 6.87 |
13.93 - 14.11 |
|
|
N. CENT. |
6.86 - 6.96 |
14.11 - 14.26 |
|
|
S. CENTRAL |
6.92 - 7.03 |
14.19 - 14.30 |
|
|
WABASH |
6.96 - 7.07 |
14.31 - 14.42 |
7.62 - 7.84 |
|
W.S. WEST |
6.74 - 6.83 |
14.31 - 14.39 |
7.57 - 7.74
|
|
L. EGYPT |
7.01 - 7.10 |
14.34 - 14.47 |
7.64 - 7.79 |
Central Illinois average price
Corn: 6.94 1/2 (+ 1/2
H)
Soybeans:
14.20 1/2 (- 3 1/2 F)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.55 - 5.70 |
12.63 - 12.70 |
|
|
WESTERN |
5.54 - 5.65 |
12.55 - 12.70 |
|
|
N. CENT. |
5.61 - 5.75 |
12.70 - 12.80 |
|
|
S. CENTRAL |
5.65 - 5.76 |
12.68 - 12.85 |
|
|
WABASH |
5.73 - 5.80 |
12.70 - 12.80 |
7.63 - 7.87 |
|
W.S. WEST |
5.46 - 5.58 |
12.65 - 12.75 |
7.39 - 7.50
|
|
L. EGYPT |
5.75 - 5.84 |
12.60 - 12.80 |
7.53 - 7.73 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
12/27/2012 |
12/20/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.92 1/2
+1H |
6.96 1/2 opt H
|
|
Soybeans |
14.16 -3F |
14.03 1/2 - 5 1/2 F
|
Annual Comparison
|
|
November 2012 |
December 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.39 - 1Z |
5.96 -10 H |
|
Soybeans |
14.39 -11X |
11.23 -20 F |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
