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Illinois country grain prices were higher on Friday afternoon. A
stronger soybean market was supported by a smaller
estimated size for Argentina's soybean crop and fund buying at
the Board of Trade.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 1 to 3 cents higher at 6.28-6.41. Soybean bids
traded 19 to 20 cents higher at 13.33-13.52.
In Central Illinois country grain dealers quoted shelled corn
bids were 2 cents higher at 6.36-6.52. Soybean bids were 16 to
17 cents higher at 13.42-13.53.
In the Southern part of the state, shelled corn bids were 2 to 3
cents higher at 6.42-6.63. Soybean bids were 15 to 19 cents
higher at 13.50-13.65. Wheat bids were 8 to 10 cents higher at
6.35-6.59.
Illinois Grains - Grain futures ended sharply lower for the
week. While export news pushed prices higher last week, the lack
of export news and
sales to China could not keep prices from falling. There were
rumored sales to China early in the trading week, but nothing
was ever confirmed.
Without that kind of news, traders were starting to focus on
next week and the USDA's reports. On Friday, next week, the USDA
will release their Prospective Planting and Quarterly Grain
Stocks reports.
The trading of cash grain in Illinois was slow to moderate.
Though prices are still the best in a long time, the weaker
prices did not inspire many
producers to make additional cash sales.
Basis for the most part was slightly lower, with the river
terminals steady to 2 cents lower and many
processors ended steady to slightly higher.
The Central Illinois Soybean Processors cash bids ended 18 to 20
cents lower at 13.54-13.59, with
basis steady to 2 cents higher at +5K to +10K.
The Central Illinois Corn Processors cash bids were 25 cents
lower with bids ranging from 6.52-
6.61, with basis steady at +8K to +17K.
At the Illinois River terminals south of Peoria, cash corn bids
ended 27 cents weaker ranging from 6.46-6.52, with basis down 2
cents at +2K to +8K.
Cash soybean bids declined 20 to 21 cents at 13.46-13.52, with
basis steady to 1 cent lower ranging from -3K to +3K.
New crop corn bids for October delivery were down 16 to 17 cents
to range from 5.29-5.35, with basis steady to 3 cent lower at
-27Z to -20Z.
New crop soybean bids fell 14 to 16 cents to 12.86-12.94, with
basis steady to 2 cents lower ranging from -26X to -18X.
New crop wheat bids for July 2012 delivery were 15 to 20 cents
lower ranging from 6.35-6.47, with basis mixed ranging from -20N
to -8N.
At the Illinois River terminals north of Peoria, cash corn bids
lost 24 to 25 cents at 6.47-6.50, with basis mostly steady
ranging +3K to +6K.
Cash soybean bids decreased 20 to 21 cents at 13.45-13.47, with
basis steady to 1 cent lower at -4K to -2K.
New crop corn bids for October delivery ended 17 to 18 cents
lower at 5.27-5.31, with basis 1 to 2 cents lower ranging from
-29Z to -25Z.
New crop soybean bids declined12 to 14 cents to 12.85-12.87,
with basis steady to 2 cents higher at -29X to -25X.
New crop wheat bids were down 16 cents to 6.37-6.38, with basis
1 cent higher at -18N to -17N.
At the St. Louis terminals cash corn bids were 26 to 29 cents
lower at 6.65-6.66, with soybeans down 26 to 28 cents from
13.65-13.68.
[to top of second column] |
Cash bids for Soft Red Winter wheat lost 19 cents to 6.60-6.61,
with cash sorghum bids down 24 cents to range from 6.24-6.25.
In northern and western Illinois, cash corn bids to producers at
country elevators were 25 to 28 cents lower at 6.25-6.40, with
central Illinois locations down 22 to 24 cents at 6.34-6.50 and
in southern Illinois bids fell 24 to 32 cents to range from
6.39-6.61.
Cash soybean bids in northern and western were 21 to 22 cents
lower at 13.14-13.32, with
central Illinois bids dropping 17 to 24 cents to 13.26-13.36 and
southern Illinois fell 19 to 23 cents at 13.34-13.46.
Cash wheat bids for Soft Red Winter wheat in southern Illinois
locations declined 15 to 19 cents to range from 6.25-6.51.
New crop corn bids to producers at the country elevators in
northern and western Illinois were 16 to 18 cents lower to range
from 5.11-5.26, with
central Illinois locations down 16 to 17 cents at 5.16-5.30 and
in southern Illinois bids declined 16 cents to 5.26-5.37.
New crop soybean bids for October delivery in northern and
western Illinois were 15 to 17 cents lower at 12.62-12.77, with
central Illinois locations down 13 to 14 cents to 12.72-12.82,
and in southern Illinois bids decreased 15 cents at 12.69-12.88.
New crop wheat bids for July 2012 delivery in southern Illinois
ended 15 to 17 cents lower at 6.25-6.46.
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 |
6.28 - 6.41 |
13.33 - 13.43 |
|
| WESTERN |
6.28 - 6.39 |
13.41 - 13.52 |
|
| N. CENT. |
6.36 - 6.45 |
13.42 - 13.51 |
|
| S. CENTRAL |
6.42 - 6.52 |
13.47 - 13.53 |
|
| WABASH |
6.55 - 6.61 |
13.50 - 13.55 |
6.35 - 6.49 |
| W.S. WEST |
6.42 - 6.48 |
13.51 - 13.65 |
6.35 - 6.49 |
| L. EGYPT |
6.50 - 6.63 |
13.54 - 13.62 |
6.58 - 6.59 |
Central Illinois average price
Corn: 6.44 (- 2 1/2 K)
Soybeans: 13.47 1/2 (-18 K)
CONTRACT BIDS FOR NEW CROP 2012 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
| NORTHERN |
5.16 - 5.28 |
12.73 - 12.86 |
|
| WESTERN |
5.13 - 5.26 |
12.75 - 12.87 |
|
| N. CENT. |
5.17 - 5.28 |
12.83 - 12.92 |
|
| S. CENTRAL |
5.26 - 5.35 |
12.82 - 12.93 |
|
| WABASH |
5.32 - 5.38 |
12.88 - 12.93 |
6.35 - 6.41 |
| W.S. WEST |
5.30 - 5.33 |
12.89 - 13.01 |
6.50 - 6.55 |
|
L. EGYPT |
5.37 - 5.39 |
12.81 - 12.93 |
6.35
- 6.44 |
***June/July 2012 Delivery
Cent. Ill. Average Price at Country
Elevators
| |
3/15/2012 |
3/22/2012 |
| |
Price Basis |
Price Basis |
| Corn |
6.42 -2 1/2 K |
6.65 - 4 K |
| Soybeans |
13.31 -18 1/2 K |
13.51 1/2 -17 1/2 K
|
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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