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Illinois country grain prices were
lower on Friday. Many traders took profits for the week,
especially in soybeans, helping to push prices lower.
The USDA announced the sale of
115,000 tonnes of US soybeans to China today, for this current
marketing year.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 15 to 19 cents lower at 7.13-7.35.
Soybean bids were 16 to 20 cents
lower at 14.35-14.55.
In Central Illinois country grain dealers quoted shelled corn
bids were 15 to 18 cents lower at 7.27-7.44.
Soybean bids were 15 to 19 cents
lower at 14.55-14.70.
In the Southern part of the state, shelled corn bids were 15 to
18 cents lower at 7.10-7.57.
Soybean bids were 17 to 20 cents
lower at 14.65-14.90.
Wheat bids were mixed at
8.26-8.51.
Illinois grains ended mixed for the week, with soybeans higher
and corn and wheat futures
lower.
Strong demand for soybeans pushed
prices higher this week. Export interest remained good for
soybeans.
Both export inspection numbers of
51 million bushels and weekly export sales figures of 1.143
million tonnes were above expectations.
Traders also are attentive to the
weather in South America.
Wheat futures fell as demand
slipped, but dry soil conditions in the western growing regions
were still lending support.
The trading in the cash grain market was slow to moderate.
Many in the grain industry and
farmers too are paying attention to developments with shipping
on the Mississippi River.
The main problem with the river is
low water levels between St. Louis and Cairo, Illinois.
Water from the Ohio River is
helping keep levels up, but due to this season's drought, water
from the Missouri River has been low.
The Army Corp of Engineers has
been allowed to put bids in action to blast the rocky parts of
the Mississippi River to help make water deeper where rock
formations have limited barge traffic.
In the meantime, shippers have
been putting grain and other supplies on the water before barge
traffic might be limited.
Many grain merchandisers have
switched their spot basis month for corn to March (H) from
December (Z), so basis comparison this week will be somewhat
limited.
The Central Illinois Soybean
Processors cash bids gained 45 to 48 cents to 15.00-15.13, with
basis up 2 to 5 cents at +9F to +22F.
The Central Illinois Corn
Processors cash bids were steady to 5 cents lower ranging from
7.51-7.56, with basis ranging from option H to +5H.
At the Illinois River terminals
south of Peoria, cash corn bids ended 8 to 10 cents lower
ranging from 7.32-7.36, with basis at -19H to -15H.
Cash soybean bids gained 41 to 45
cents at 14.86-15.00, with basis mixed ranging from -5F to 9F.
New crop wheat bids for delivery
in July 2013 ended 13 to 17 cents lower ranging from 8.37-8.43,
with basis steady to 4 cent lower at -36N to -30N.
At the Illinois River terminals
north of Peoria, cash corn bids lost 3 to 5 cents to 7.34-7.40,
with basis at -17H to -11H.
Cash soybean bids were up 51 to 53
cents to 14.88-14.96, with basis 8 to 10 cents higher ranging
from -3F to +5F.
[to top of second column] |
New crop wheat bids for July 2013
delivery fell 14 to 16 cents to range from 8.43-8.46, with basis
1 to 3 cents lower at -30N to -27N.
At the St. Louis terminals cash
corn bids were mixed at 7.12-7.26, with soybeans up 28 to 33
cents ranging from 15.01-15.06.
Cash bids for Soft Red Winter
wheat fell 7 cents to 8.51-8.52 and cash sorghum bids were 1
cent higher to range from 7.13-7.14.
In northern and western Illinois, cash corn bids to producers at
country elevators were mixed at 7.28-7.50, with central Illinois
locations down 1 to 5 cents at 7.45-7.59 and in southern
Illinois bids were 2 to 3 cents higher to range from 7.28-7.72.
Cash soybean bids in northern and
western locations were 47 cents higher at 14.53-14.77 with
central Illinois bids up 42 to 46 cents at 14.71-14.86 and
southern Illinois bids climbed 46 to 47 cents to range from
14.88-15.09.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations dropped 16 to 19
cents to 8.33-8.47.
New crop wheat bids for June-July
delivery in southern Illinois lost 6 to 14 cents to range from
8.31-8.43.
___
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 |
7.26 - 7.35 |
14.35 - 14.50 |
|
|
WESTERN |
7.13 - 7.25 |
14.36 - 14.55 |
|
|
N. CENT. |
7.27 - 7.37 |
14.55 - 14.69 |
|
|
S. CENTRAL |
7.35 - 7.44 |
14.62 - 14.70 |
|
|
WABASH |
7.36 - 7.42 |
14.72 - 14.84 |
8.26 - 8.51 |
|
W.S. WEST |
7.10 - 7.26 |
14.65 - 14.85 |
8.35 - 8.38 |
|
L. EGYPT |
7.44 - 7.57 |
14.77 - 14.90 |
8.36 - 8.41 |
Central Illinois average price
Corn: 7.35 1/2 (- 1 1/2 H)
Soybeans:
14.62 1/2 (- 9 1/2 F)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.91 - 6.06 |
12.74 - 12.94 |
|
|
WESTERN |
5.90 - 6.03 |
12.74 - 12.89 |
|
|
N. CENT. |
5.96 - 6.08 |
12.87 - 12.99 |
|
|
S. CENTRAL |
5.98 - 6.14 |
12.87 - 13.02 |
|
|
WABASH |
6.13 - 6.28 |
12.72 - 12.99 |
8.33 - 8.44 |
|
W.S. WEST |
5.85 - 5.98 |
12.84 - 12.94 |
8.32 - 8.34 |
|
L. EGYPT |
6.13 - 6.22 |
12.74 - 12.99 |
8.36 - 8.42 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
12/6/2012 |
11/29/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.52 + 1/2 H |
7.55 + 3 1/2 Z
|
|
Soybeans |
14.77 1/2 -13 1/2 F
|
14.34 1/2 -13 1/2 F |
Annual Comparison
|
|
November 2012 |
November 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.39 - 1Z |
6.26 - 3Z |
|
Soybeans |
14.39 -11X |
11.51 -24X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
