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Illinois country grain prices were
mixed on Friday afternoon. Corn was higher and wheat and
soybeans were lower.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 4 to 8 cents higher at 6.17-6.33.
Soybean bids traded mixed at
14.11-14.25.
In Central Illinois country grain dealers quoted shelled corn
bids were 4 to 9 cents higher at 6.18-6.37.
Soybean bids were steady to 3
cents lower
at 14.10-14.26.
In the Southern part of the state, shelled corn bids were 4 to 5
cents higher at 6.20-6.43.
Soybean bids were 1 to 3 cents
lower at 14.12-14.37.
Wheat bids were 8 to 13 cents lower at 6.08-6.29.
Illinois grains- Grain futures
ended higher to sharply higher this week. Dry weather concerns
for both the central United States and China generated both fund
and commercial buying interest late in the week.
Basis increases at both processors
and terminals ranged from 10 to 19 cents on corn and 3 to 16
cents on soybeans. Sharp gains in the stock market were
supportive to the grain markets as well.
Illinois received some beneficial rainfall early in the week but
a forecast of just a slight chance of rain in the next 10 days
is cause for concern.
Statewide 54% of the topsoil
moisture is in the short to very short category. According to
the USDA's Illinois Weather and Crops report, from the Illinois
Field Office in
Springfield, the condition of the corn crop remained virtually
the same as last week, mainly due to lack of moisture. There was
now 66% in good to excellent condition, with 29% fair and 5% in
very poor to poor condition.
The soybean crop condition report
put the Illinois crop 60% in the good to excellent range, with
34% fair and 6% in the very poor to poor range.
The wheat crop was 57% ripe,
compared to 1% for the five year average. Seven percent of the
wheat crop has been harvested.
The trading in the cash grain market was slow this week
resulting in sharp basis
increases at both terminals and processors.
At the Central Illinois Soybean
Processors cash bids ended 91 to 92 cents higher at 14.47-14.53;
with basis 3 to 4 cents higher ranging from +19N to +25N.
The Central Illinois Corn
Processors cash bids were 49 to 51 cents higher with bids
ranging from 6.44-6.59, and basis was 10 to 12 higher at +50N to
+65N.
At the Illinois River terminals
south of Peoria, cash corn bids ended 51 to 53 cents higher
ranging from 6.31-6.36, with basis up 12 to 14 cents at +37N to
+42N.
Cash soybean bids increased 99 to
104
cents at 14.45-14.49, with basis 11 to 16 cents higher ranging
from +17N to +21N.
Wheat bids rolled from new crop to cash this week with bids
ranging from 6.23-6.34 and basis -19N to -8N.
New crop corn bids for October
delivery were up 7 to 13 cents to range from 5.11-5.20, with
basis 1 to 7 cents lower at -25Z to
-16Z.
New crop soybean bids jumped 72
1/2 to 74 1/2 cents to 13.30-13.34 with basis 2 to 4 cents
higher at -11X to -7X.
At the Illinois River terminals
north of Peoria, cash corn bids climbed 53 to 56 cents to
6.29-6.33, with basis up 17 to 19 cents at +35N to +39N.
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Cash soybean bids were up 97 to
100 cents
to 14.40-14.44, with basis 9 to 12 cents higher ranging from
+12N to +16N.
Cash wheat bids were 6.27-6.29, with basis of -15N to -13N.
New crop corn bids for October
delivery ended 10 to 13 cents higher at 5.10-5.12, with basis 1
to 4 cents weaker ranging from -26Z to -24Z.
New crop soybean bids gained 71 to
76 cents to 13.22-13.24, with basis steady to 5 cents higher at
-19X to -17X.
At the St. Louis terminals cash corn bids were 46 to 50 cents
higher at 6.38-6.44, with soybeans up 89 to 98 cents from
14.56-14.57.
Cash bids for Soft Red Winter
wheat gained 8 cents to 6.44-6.45, and cash sorghum bids climbed
35 cents to range from 5.59-5.60.
In northern and western Illinois,
cash corn bids to producers at country elevators were 43 to 44
cents higher at 6.11-6.29, with central Illinois locations up 39
to 40 cents at 6.14-6.29 and in southern Illinois bids gained
40 to 41 cents to range from 6.21-6.45.
Cash soybean bids in northern and
western were up 95 to 96 cents at 14.10-14.25 with central
Illinois bids up 89 to 90 cents to 14.12-14.28 and southern
Illinois increased 88 to 95 cents at 14.15-14.37.
Cash wheat bids for oft Red Winter
wheat in southern Illinois locations ended at 6.20-6.42.
New crop corn bids to producers at the country elevators in
northern and western Illinois were 9 to 11 cents higher to range
from 4.92-5.02, with central Illinois locations up 13 to 18
cents at 4.97-5.16 and in southern Illinois bids increased 15 to
16 cents to 5.10-5.22.
New crop soybean bids for October
delivery in northern and western Illinois were 69 to 76 cents
higher at 12.96-13.14, with central Illinois locations 69 cents
higher at
12.99-13.14 and in southern Illinois bids gained 71 to 72 cents
at 13.09-13.30.
___
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 |
6.17 - 6.22 |
14.11 - 14.16 |
|
| WESTERN |
6.18 - 6.33 |
14.11 - 14.25 |
|
| N. CENT. |
6.18
- 6.37 |
14.10 - 14.21 |
|
| S. CENTRAL |
6.28
- 6.33 |
14.18 - 14.26 |
6.20 - 6.30 |
| WABASH |
6.34 - 6.43 |
14.12 - 14.17 |
6.08 - 6.29 |
| W.S. WEST |
6.20 - 6.30 |
14.25 - 14.37 |
6.12 - 6.23 |
| L. EGYPT |
6.32 - 6.37 |
14.15 - 14.25 |
6.29 - 6.35 |
Central Illinois average price
Corn:
6.27 1/2 (+29 1/2N)
Soybeans: 14.18 (- 8
1/2N)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
5.01 - 5.06 |
12.88 - 12.95 |
|
| WESTERN |
5.01 - 5.09 |
12.92 - 13.06 |
|
| N. CENT. |
5.04 - 5.17 |
12.95 - 12.97 |
|
| S. CENTRAL |
5.07 - 5.19 |
12.96 - 13.09 |
--- |
| WABASH |
5.17 - 5.32 |
13.00 - 13.08 |
--- |
| W.S. WEST |
5.18 - 5.27 |
13.10 - 13.22 |
--- |
|
L. EGYPT |
5.22 - 5.26 |
13.04 - 13.05 |
--- |
***June/July 2012 Delivery
Cent. Ill. Average Price at Country
Elevators
| Week of |
6/07/2012 |
5/31/2012 |
| |
Price Basis |
Price Basis |
| Corn |
6.21 1/2 +27 1/2 N |
5.82 +27 N |
| Soybeans |
14.20 - 8 N |
13.30 1/2 - 9 1/2 N |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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