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Illinois country grain prices were
lower on Friday afternoon.
Technical trading at the Board of
Trade weakened grain futures.
Many traders also were inclined to
take profits for the week helping to push prices lower.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 11 to 14 cents lower at 6.92-7.05.
Soybean bids were mostly 4 to 6
cents lower at 14.91-15.09.
In Central Illinois country grain dealers quoted shelled corn
bids were 12 to 13 cents lower at 6.89-7.04.
Soybean bids were 4 to 8 cents
lower at 15.18-15.33.
In the Southern part of the state, shelled corn bids were 11
cents lower at 6.86-7.17.
Soybean bids were 4 to 5 cents
lower at 15.25-15.41.
Wheat bids were mostly 2 to 4
cents lower at 6.78-6.98.
Illinois grains ended mixed this
week at the Board of Trade, with corn and wheat futures
higher and soybeans lower.
Corn futures remained firm as
traders thought about how delayed planting and wet fields could
affect the corn acreage forecast in next week's USDA report.
Good domestic demand and strong
cash basis continues to give strength to corn futures.
The outside markets influenced
prices on Thursday as the stock market fell 350 points, which
helped to pull grain prices lower.
This week's Illinois Weather and Crops report, released by the
Illinois Field office of the
National Ag Statistics Service, indicated that farmers were very
close to completing corn
planting and also very close to wheat harvest. As of June 16th,
Illinois farmers had planted 99% of their corn crop, compared to
96% last week and 98% for the five year average.
Farmers in Illinois made great
progress with soybean planting reaching 90% complete,
compared to 62% last week and 87% for the five year average.
Farmers have probably started
wheat harvest in the southern areas of the state as of this
writing, but officially the Illinois wheat crop was 16% ripe,
compared to less than 1% last week and 37% for the five year
average.
Producers also made very good
progress with baling or harvesting their hay crop.
The first cutting of alfalfa hay
was now 76% complete, compared to 100% last year and 78% for the
five year average.
The condition of the Illinois corn
crop was considered average.
There was 57% rated good to
excellent, with 32% fair and 11% rated very poor to poor.
The state's soybean crop placed
64% in the good to excellent category, with 27% fair and 9% in
the very poor to poor range.
The trading in the cash grain market was slow to moderate this
week.
Most cash basis levels remained
strong, but there was weakness in the cash corn basis at the
Illinois River terminals.
The competition for grain remained
strong between the river terminals and the processors.
The Central Illinois Soybean
Processors cash bids ended mixed ranging from 15.47-15.67, with
basis up 10 to 18 cents ranging from +50N to +70N.
At the Central Illinois Corn
Processors
cash bids were up 35 to 37 cents ranging from 7.18-7.35, with
basis 5 to 7 cents higher at +45N to +62N.
At the Illinois River terminals
south of Peoria, cash corn bids were 16 to 29 cents higher
ranging from 7.17-7.19, with basis 1 to 14 cents lower ranging
from +44N to +46N.
Cash soybean bids were down 1 to 9
cents with bids ranging 15.32-15.41, with basis 4
to 12 cents higher ranging from +35N to +44N.
Wheat bids were 2 to 10 cents
higher ranging
from 6.83-6.96, with basis down 5 to 13 cents at -17N to -4N.
[to top of second column] |
At the Illinois River terminals
north of Peoria, cash corn bids gained 19 to 21 cents at
7.15-7.23, with basis 9 to 11 cents lower at +42N to +50N.
Cash soybean bids fell 1 to 3
cents to range from 15.31-15.33, with basis 10 to 12 cents
stronger ranging from +34N to +36N.
Wheat bids were 11 to 16 cents
higher to range from 6.89-7.01, with basis mixed at -11N to +1N.
At the St. Louis terminals cash
corn bids closed 27 to 30 cents higher ranging from 7.18-7.33,
with soybeans up 3 to 4
cents ranging from 15.42-15.59.
Cash bids for Soft Red Winter
wheat were 10 cents higher at 7.14-7.15 and cash sorghum bids
were 30 cent higher at 6.92-6.93.
In northern and western Illinois, cash corn bids to producers at
country elevators were up 32 to 33 cents at 7.03-7.19, with
central Illinois locations 33 to 36 cents higher at 7.02-7.16
and in southern Illinois bids gained 28 to 36 cents ranging from
6.97-7.28.
Cash soybean bids in northern and
western locations were mixed at 14.97-15.09, with central
Illinois bids also mixed at 15.22-15.41 and southern Illinois
bids were also mixed ranging from 15.29-15.46.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations ended 10 to 18 cents
higher ranging from 6.81-6.99.
_____
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 |
6.92 - 7.05 |
14.91 - 15.03 |
|
|
WESTERN |
6.95 - 7.05 |
14.96 - 15.09 |
|
|
N. CENT. |
6.89 - 7.04 |
15.18 - 15.33 |
|
|
S. CENTRAL |
6.96 - 7.02 |
15.21 - 15.31 |
|
|
WABASH |
7.02 - 7.17 |
15.25 - 15.33 |
6.78 - 6.88 |
|
W.S. WEST |
6.86 - 7.12 |
15.27 - 15.39 |
6.91 - 6.98 |
|
L. EGYPT |
7.05 - 7.17 |
15.33 - 15.41 |
6.83 - 6.88 |
Central Illinois average price
Corn: 6.96 1/2 (+34 N)
Soybeans:
15.25 1/2 (+32 N)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.24 - 5.34 |
12.35 - 12.44 |
|
|
WESTERN |
5.23 - 5.34 |
12.35 - 12.48 |
|
|
N. CENT. |
5.24 - 5.36 |
12.43 - 12.61 |
|
|
S. CENTRAL |
5.31 - 5.38 |
12.49 - 12.59 |
|
|
WABASH |
5.27 - 5.38 |
12.49 - 12.64 |
|
|
W.S. WEST |
5.30 - 5.41 |
12.56 - 12.66 |
|
|
L. EGYPT |
5.33 - 5.41 |
12.48 - 12.64 |
|
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
6/20/2013 |
6/13/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.09 +36N |
6.74 1/2 +31N |
|
Soybeans |
15.31 1/2 +34 1/2N |
15.32 1/2 +22N 1 |
Annual Comparison
|
|
May
2013 |
June
2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.83
+31N |
6.30 +27N |
|
Soybeans |
15.10 +72N |
14.15 - 7N |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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