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Illinois country grain prices were
mixed on Friday afternoon.
Technical trading at the Board of
Trade helped corn and soybean futures to close higher.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were mixed at 6.51-6.63.
Soybean bids were also mixed at
15.55-15.68.
In Central Illinois country grain dealers quoted shelled corn
bids were mostly
3 to 6 cents lower at 6.57-6.84.
Soybean bids were mostly 4 to 9
cents lower at 15.72-15.86.
In the Southern part of the state, shelled corn bids were mixed
at 6.44-6.67.
Soybean bids were mixed at
15.75-16.02. Wheat bids were mostly 5 cents lower at
6.32-6.45.
Illinois grains ended mixed this week at the Board of Trade,
with soybeans sharply higher and corn sharply lower, with wheat
futures slightly lower.
Soybean values continue to be
supported by strong soybean meal values and cash
basis levels.
Wheat did finish lower due to
harvest pressure and technical selling, but received a boost
Wednesday when the USDA announced the sale of 360,000 tonnes of
US wheat to China.
Corn futures were still reacting
and
adjusting to last Friday's USDA's reports.
Crop conditions did improve last
week for corn and did weaken prices.
This week's Illinois Weather and Crops report, released by the
Illinois Field office of the National Ag Statistics Service,
showed another increase in crop condition ratings for both corn
and soybeans.
As of June 30th, Illinois farmers
had reached 97% complete, compared to 96% last week and 96% for
the five year average.
Rain did its part in delaying
wheat harvest, but farmers did make good progress.
Wheat harvest had reached 45%
complete, compared to 12% last week and 64% for the five year
average.
The condition of the Illinois corn
and soybean
crops went up last week.
There was 69% rated good to
excellent, with 24% fair and 7% rated very poor to poor.
The state's soybean crop placed
72% in the good to excellent category, with 23% fair and 5% in
the very poor to poor range.
The trading in the cash grain market was slow to moderate this
week.
This week both processors and
river terminals were changing cash basis months.
Some made the switch and others
did not making things a little more confusing.
The addition of wheat harvest
added to the week's activity. For the most part, cash
basis levels weakened this week.
The week also included both
processors and
river terminals moving from the July (N) to the August (Q) and
the September (U).
The Central Illinois Soybean
Processors cash bids gained 9 to 16 cents ranging from
16.06-16.16, with basis steady to 7 cents higher ranging from
+165Q to +175Q.
At the Central Illinois Corn
Processors cash bids were mixed ranging from 7.08-7.18, with
basis down 10 to 22 cents at +30N to +40N.
At the Illinois River terminals
south of Peoria, cash corn bids were 10 to 19 cents lower
ranging from 6.82-6.88, with basis ranging from +150U to +156U.
Cash soybean bids were up 25 to 29
cents with bids ranging 16.05-16.13, with basis ranging from
+164Q to +172Q.
Wheat bids were 1 cent higher
ranging from 6.45-6.50, with basis at -20U to -15U.
[to top of second
column] |
At the Illinois River terminals
north of Peoria, cash corn bids lost 4 to 7 cents at 6.86-6.97,
with basis 15 to 18 cents lower at +8N
to +19N.
Cash soybean bids gained 24 to 28
cents to range from 16.02-16.08, with basis 7 to 11cents lower
ranging from +19N to +25N. Wheat bids were 2 to 5 cents higher
ranging from 6.43-6.50, with basis at -22U to -15U.
At the St. Louis terminals cash
corn bids closed 50 to 60 cents lower ranging from 6.62-6.64,
with soybeans mixed ranging from 15.65-16.19.
Cash bids for Soft Red Winter
wheat were 3 cents lower at 6.69-6.70 and cash sorghum bids were
34 cents lower at 6.52-6.53.
In northern and western Illinois, cash corn bids to producers at
country elevators were down 25 to 36 cents at 6.46-6.67, with
central Illinois locations 11 to 36 cents lower at 6.57-6.96 and
in southern Illinois bids lost 38 to 50 cents ranging from
6.38-6.72.
Cash soybean bids in northern and
western
locations were up 11 to 17 cents at 15.58-15.80, with central
Illinois bids were 11 to 20 cents higher at 15.76-15.84 and
southern Illinois bids were mixed ranging from 15.77-16.12.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations mixed ranging from
6.37-6.60.
___
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 |
6.51 - 6.56 |
15.55 - 15.63 |
|
|
WESTERN |
6.52 - 6.63 |
15.60 - 15.68 |
|
|
N. CENT. |
6.57 - 6.75 |
15.72 - 15.86 |
|
|
S. CENTRAL |
6.76 - 6.84 |
15.72 - 15.82 |
|
|
WABASH |
6.44 - 6.53 |
15.75 - 15.82 |
6.35 - 6.42 |
|
W.S. WEST |
6.46 - 6.61 |
15.79 - 15.93 |
6.32 - 6.45 |
|
L. EGYPT |
6.53 - 6.67 |
15.97 - 16.02 |
6.35 - 6.42 |
Central Illinois average price
Corn: 6.70 1/2 (+145 U)
Soybeans:
15.79 (+147 Q)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
4.59 - 4.65 |
11.93 - 11.98 |
|
|
WESTERN |
4.58 - 4.69 |
11.90 - 12.17 |
|
|
N. CENT. |
4.65 - 4.91 |
12.00 - 12.31 |
|
|
S. CENTRAL |
4.68 - 4.78 |
12.10 - 12.14 |
|
|
WABASH |
4.65 - 4.73 |
12.08 - 12.18 |
|
|
W.S. WEST |
4.68 - 4.81 |
12.19 - 12.31 |
|
|
L. EGYPT |
4.76 - 4.77 |
12.02 - 12.18 |
|
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
7/3/2013 |
6/27/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.761/2 +144U |
7.00 +33N |
|
Soybeans |
15.80 +139Q |
15.641/2+16N |
Annual Comparison
|
|
June
2013 |
July
2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.94
+32N |
7.85
+251/2 U |
|
Soybeans |
15.49 +24 1/2 N |
16.60 -23Q |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
