|
 (Copy)
Illinois country grain prices were
mixed on Friday afternoon, with corn and wheat higher and
soybeans lower.
Wheat futures were supported by
good export interest, while technical trading at the Board of
Trade weakened soybean values.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 6 cents higher at 7.13-7.26.
Soybean bids were 6 cents lower at
14.40-14.53.
In Central Illinois country grain dealers quoted shelled corn
bids were 5 to 7 cents higher at 7.21-7.34.
Soybean bids were down 9 to 10
cents at 14.53-14.69.
In the Southern part of the state, shelled corn bids were mostly
5 cents higher at 7.08-7.45.
Soybean bids were 10 cents lower
at 14.61-14.84. Wheat bids were 6 to 8 cents higher at
7.08-7.31.
Illinois grains ended mixed with corn sharply higher and wheat
and soybeans lower. Corn futures gained strength from better
than expected weekly export sales numbers and good export
interest.
Wheat futures fell pressured by
beneficial rainfall on the Plain states from two major snow
storms and slow export demand. Soybean futures were pressured by
technical selling at the Board of Trade and better weather
conditions for the South American soybean crop.
Traders were also aware of
shipping delays for the new South American soybean crop and good
export interest, especially from China. These two factors helped
soybean futures to rally Wednesday and Thursday.
The trading in the cash grain market was slow to moderate.
Movement was enough to weaken the cash basis levels at both the
river terminals and processors.
Many terminals and processors are
also in the process of moving their cash basis month from March
(H) to May (K).
All the corn processors moved this
week so it will be impossible to measure basis for them this
week.
The river terminal managers are
more than pleased with the river level situation. Many barges
now are up to their full drafts and delays are very few when
moving grain down to the gulf ports.
The Central Illinois Soybean
Processors cash bids were 22 to 26 cents lower ranging from
14.92-15.00, with basis 8 to 12 cents lower at +18H to +26H.
The Central Illinois Corn
Processors cash bids were 12 to 17 cents higher ranging from
7.28-7.43, with basis ranging from +25K to +40K.
At the Illinois River terminals
south of Peoria, cash corn bids ended 21 to 30 cents higher
ranging from 7.28-7.43, with basis mixed at +7H to +17H.
Cash soybean bids dropped 27 to 28
cents to 14.82-14.86, with basis down 13 to 14 cents
ranging from +8H to +12H.
New crop wheat bids for delivery
in July 2013 ended 11 cents lower ranging from 6.95-6.97, with
basis up 1 cent at -21N to -19N.
At the Illinois River terminals
north of Peoria, cash corn bids were up 23 to 24 cents at
7.23-7.26, with basis 4 to 5 cents lower at +4H to +7H.
Cash soybean bids were down 24 to
31 cents at 14.77-14.86, with basis 10 to 17 cents weaker
ranging from +3H to +12H.
New crop wheat bids for July 2013
delivery fell 12 cents to range from 7.00-7.01, with basis
steady at -16N to -15N.
[to top of second column] |
At the St. Louis terminals cash
corn bids closed Thursday ranging from 7.25-7.33, with soybeans
ranging from 14.94-15.12.
Cash bids for Soft Red Winter
wheat were 7.38-7.39 and cash sorghum bids ranged from
7.24-7.25.
In northern and western Illinois,
cash corn bids to producers at country elevators were up 13 to
23 cents at 7.07-7.20, with central Illinois locations up 18 to
25 cents at 7.16-7.27 and in southern Illinois bids were 21 to
24 cents higher ranging from 7.08-7.40.
Cash soybean bids in northern and
western locations were down 24 to 29 cents at 14.46-14.59, with
central Illinois bids 22 to 28 cents lower at 14.64-14.79 and
southern Illinois bids fell 19 to 26 cents at 14.71-
14.94.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations lost 14 to 17
cents to 7.02-7.23.
New crop wheat bids for June-July
delivery in southern Illinois were mixed ranging from 6.84-6.99.
___
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 |
7.13 - 7.18 |
14.40 - 14.44 |
|
|
WESTERN |
7.16 - 7.26 |
14.40 - 14.53 |
|
|
N. CENT. |
7.21 - 7.30 |
14.53 - 14.69 |
|
|
S. CENTRAL |
7.22 - 7.34 |
14.55 - 14.66 |
|
|
WABASH |
7.32 - 7.44 |
14.65 - 14.77 |
7.08 - 7.16 |
|
W.S. WEST |
7.08 - 7.33 |
14.61 - 14.75 |
7.16 - 7.26 |
|
L. EGYPT |
7.37 - 7.45 |
14.75 - 14.84 |
7.16 - 7.31 |
Central Illinois average price
Corn: 7.27 1/2 (+19 K)
Soybeans:
14.61 (+17 1/2 K)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.19 - 5.39 |
12.20 - 12.28 |
|
|
WESTERN |
5.21 - 5.30 |
12.20 - 12.28 |
|
|
N. CENT. |
5.21 - 5.32 |
12.19 - 12.31 |
|
|
S. CENTRAL |
5.20 - 5.37 |
12.34 - 12.41 |
|
|
WABASH |
5.29 - 5.32 |
12.31 - 12.36 |
6.84 - 6.94 |
|
W.S. WEST |
5.21 - 5.34 |
12.38 - 12.46 |
6.83 - 7.06 |
|
L. EGYPT |
5.31 - 5.42 |
12.31 - 12.46 |
6.90 - 6.99 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
2/28/2013 |
2/21/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.21 1/2 +2H |
7.00 +9H |
|
Soybeans |
14.71 1/2 -3H |
14.96 1/2 +9H |
Annual Comparison
|
|
January 2013 |
February 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.17 + 2H |
6.41 + 1/2H |
|
Soybeans |
14.30 +11H
|
12.40 -15 H |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
