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Illinois country grain prices were
mixed on Friday afternoon, with corn slightly higher and wheat
and soybeans lower.
Soybean futures moved lower
pressured by lower than expected crush figures from February.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were mostly steady at 7.27-7.49.
Soybean bids were 9 cents lower at
14.18-14.31.
In Central Illinois country grain dealers quoted shelled corn
bids were steady to 2 cents lower at 7.25-7.42.
Soybean bids were 9 to 11 cents
lower at 14.38-14.52.
In the Southern part of the state, shelled corn bids were mostly
steady to 2 cents higher at 7.11-7.52.
Soybean bids were mostly 10 cents
to 12 cents lower at 14.24-14.64.
Wheat bids were 2 cents lower at
7.18-7.38.
Illinois grains ended mixed with corn and wheat higher and
soybeans lower.
An increase in export interest and
demand helped to pull wheat futures higher this week.
The strength in wheat also helped
to pull corn futures higher.
Weekly export inspections of 27.85
million bushels and weekly export sales of 1.087 million tonnes
were both higher than expected figures to help build a positive
tone for wheat.
On the other hand, export demand
fell for soybeans, as traders believed South
American soybeans would finally begin to switch the demand from
the US to them.
The trading in the cash grain market had another slow week.
The processor basis ended mixed,
but the river basis ended sharply lower.
Corn and soybean processors
continue to pull enough grain from farmers to keep things going,
with basis remaining firm.
A late week drop in gulf basis
left the
river terminals sharply lower for both corn and soybeans.
However, basis for new crop wheat
along
the Illinois River made significant gains for the week.
It seems like only yesterday river
terminal
managers were fighting to move grain down the river system due
to low water levels.
Who would believe areas in the
northern regions of Illinois would be talking about flooding?
Many are happier for the river
system to return to a somewhat normal routine. The Central
Illinois Soybean Processors cash bids were 31 to 48 cents lower
ranging from 14.70-14.90, with basis mixed ranging from +35K to
+55K.
The Central Illinois Corn
Processors cash bids were 22 to 25 cents higher ranging from
7.46-7.56, with basis steady to 3 cents lower at +30K to +40K.
At the Illinois River terminals
south of
Peoria, cash corn bids ended 18 cents higher ranging from
7.32-7.36, with basis down 7 cents to +16K to +20K.
Cash soybean bids fell 46 to 50
cents to 14.52-14.57, with basis down 8 to 12 cents
ranging from +17K to +22K.
New crop wheat bids for delivery
in July 2013 ended 31cents higher ranging from 7.10-7.16, with
basis up 10 cents at -10N to -4N.
At the Illinois River terminals
north of
Peoria, cash corn bids were up 15 to 22 cents at 7.33-7.36, with
basis down 3 to 10 cents to range from +17K to +20K.
Cash soybean bids were down 53
cents at 14.45-14.50, with basis 15 cents weaker ranging from
+10K to +15K.
[to top of second column] |
New crop wheat bids for July 2013
delivery gained 26 to 31 cents to range from 7.10-7.18, with
basis 5 to 10 cents higher at -10N to -2N.
At the St. Louis terminals cash
corn bids closed 20 to 21 cents higher ranging from 7.41-7.45,
with soybeans down 45 to 53 cents ranging from 14.62-14.73.
Cash bids for Soft Red Winter
wheat were up 30 cents to 7.51-7.52 and cash sorghum bids gained
25 cents to 7.15-7.16.
In northern and western Illinois, cash corn bids to producers at
country elevators were up 26 cents to 7.27-7.49, with central
Illinois locations gaining 23 to 26 cents at 7.27-7.42 and in
southern Illinois bids were 19 to 25 cents higher ranging from
7.07-7.52.
Cash soybean bids in northern and
western
locations were down 36 to 47 cents at 14.27-14.40, with central
Illinois bids 35 to 38 cents lower at 14.47-14.61 and southern
Illinois bids lost 38 to 46 cents at 14.42-14.74.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations increased 31 to 32
cents to 7.20-7.40.
New crop wheat bids for June-July
delivery in southern Illinois were up 30 to 34 cents ranging
from 6.88-7.14.
___
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 |
7.36 - 7.49 |
14.19 - 14.29 |
|
|
WESTERN |
7.27 - 7.35 |
14.18 - 14.31 |
|
|
N. CENT. |
7.25 - 7.37 |
14.38 - 14.52 |
|
|
S. CENTRAL |
7.28 - 7.42 |
14.38 - 14.47 |
|
|
WABASH |
7.36 - 7.52 |
14.49 - 14.56 |
7.18 - 7.33 |
|
W.S. WEST |
7.11 - 7.37 |
14.24 - 14.37 |
7.18 - 7.34 |
|
L. EGYPT |
7.45 - 7.52 |
14.56 - 14.64 |
7.28 - 7.38 |
Central Illinois average price
Corn: 7.33 1/2 (+16 1/2K)
Soybeans:
14.45 (+19 K)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.28 - 5.41 |
12.19 - 12.29 |
|
|
WESTERN |
5.24 - 5.36 |
12.21 - 12.31 |
|
|
N. CENT. |
5.27 - 5.42 |
12.20 - 12.31 |
|
|
S. CENTRAL |
5.27 - 5.44 |
12.28 - 12.36 |
|
|
WABASH |
5.34 - 5.46 |
12.31 - 12.37 |
6.90 - 7.01 |
|
W.S. WEST |
5.36 - 5.43 |
12.33 - 12.47 |
6.97 - 7.16 |
|
L. EGYPT |
5.37 - 5.47 |
12.31 - 12.44 |
6.89 - 7.01 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
3/14/2013 |
3/7/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.34 1/2 +18K |
7.10 +19K |
|
Soybeans |
14.54 +18 1/2K |
14.90 1/2 +17K |
Annual Comparison
|
|
February 2013 |
March 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.15
+7 1/2H |
6.46 - 1 1/2K |
|
Soybeans |
14.67 +11H |
13.33 -19 1/2K |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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