|
 (Copy)
Illinois country grain prices were
mostly lower on Friday afternoon.
Corn futures weakened due to
harvest pressure and poor export interest.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids mostly 4 to 9 cents lower at 7.22-7.39.
Soybean bids were mixed at
15.18-15.33.
In Central Illinois country grain dealers quoted shelled corn
bids were 9 cents lower at 7.37-7.55.
Soybean bids were 1 cent lower at
15.31-15.46.
In the Southern part of the state, shelled corn bids were mostly
7 to 9 cents lower at 7.44-7.63.
Soybean bids were mostly steady at
15.22-15.41.
Wheat bids were mostly 11 to 15
cents lower at 8.21-8.41.
Illinois grains-Grain futures ended mixed at the Chicago Board
of Trade, with corn and wheat higher and soybeans ending lower.
Corn prices still used the support
from the USDA's Quarterly Grain Stock report, with the lower
than expected stocks of 988 million bushels.
Fund and technical selling at the
Board of Trade helped to push soybean futures lower, with the
talk of higher than expected soybean yields weighing on prices.
Harvest progress was again very good this week, with some heavy
rainfall in the southern regions of the state over last weekend
limiting harvest in those areas. According to the USDA's
Illinois Weather and Crops report, from the Illinois Field
Office in Springfield, the Illinois corn harvest had
reached 71% complete, compared to 29% last year and 33% for the
five year average.
The southern and central regions
are still ahead in the corn harvest competition with 74-93%
harvested, with the northern regions ranging from 32-39%
complete.
The soybean crop was now 22%
harvested in the state of Illinois, compared to 10% last year
and 21% for the five year average.
The northern regions of the state
may be behind in the corn harvest competition, but they lead the
state with the soybean harvest.
The northern regions are 41-48%
complete with soybean harvest, with the rest of the state
ranging from 12-23% complete.
The trading in the cash grain market was moderate.
Cash basis weakened this week at
the
processors, but lower barge freight helped to push river basis
up.
The Central Illinois Soybean
Processors cash bids ended 20 to 30 cents lower at 15.51-15.66,
with basis steady to10 cents
lower ranging from option X to +15X.
The Central Illinois Corn
Processors cash bids were up 31 to 34 cents ranging from
7.60-7.72, with basis down 7 to 10 cents ranging from +3Z to
+15Z.
At the Illinois River terminals
south of Peoria, cash corn bids ended 47 to 52 cents higher
ranging from 7.42-7.49, with basis up 11 to 17 cents at -15Z to
-8Z.
Cash soybean bids lost 8 to 17
cents at
15.43-15.46, with basis up 3 to 12 cents ranging from -8X to
-5X.
Corn bids for January 2013
delivery gained 36 to 37 cents to range from 7.60-7.66, with
basis down 1 to 2 cents at +3H to +9H.
Soybeans for January 2013
delivery ended 19 to 24 cents weaker ranging from 15.65-15.71,
with basis mixed at +14F to +20F.
New crop wheat bids for
delivery in July 2013 ended 12 to 17 cents higher ranging from
8.12-8.14, with basis up 4 to 8 cents at -32N to -30N.
At the Illinois River terminals
north of Peoria, cash corn bids gained 36 to 38 cents to
7.37-7.44, with basis down 3 to 5 cents at -20Z to -13Z.
Cash soybean bids were down 19 to
24 cents to 15.37-15.42, with basis mixed ranging from -14X to
-9X.
Corn bids for January 2013
delivery gained 37 cents ranging from 7.58-7.60, with basis 1
cent lower ranging from +1H to +3H.
Soybean bids for January 2013
delivery were down 18 to 20 cents ranging from 15.63-15.67, with
basis steady to 2 cents higher at
+12F to +16F.
[to top of second column] |
New crop wheat bids for July 2013
delivery gained 8 to 12 cents to range from 8.08-
8.19, with basis steady to up 4 cents at -36N to -25N.
At the St. Louis terminals cash
corn bids
were 35 to 48 cents higher at 7.17-7.50, with soybeans down 12
to 14 cents ranging from 15.55-15.62.
Cash bids for Soft Red Winter
wheat increased 9 cents to 8.28-8.29 and cash sorghum bids were
40 cents higher to range from 7.06-7.07.
In northern and western Illinois, cash corn bids to producers at
country elevators were 39 to 41 cents higher at 7.24-7.47, with
central Illinois locations up 36 to 37 cents at 7.46-7.64 and in
southern Illinois bids gained 44 to 55 cents to range from
7.57-7.72.
Cash soybean bids in northern and
western locations were down 11 to 21 cents at 15.16-15.39 with
central Illinois bids losing 19 cents at 15.32-15.47 and
southern Illinois bids were 19 to 20 cents lower at 15.22-15.48.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations increased 25 to 26
cents to 8.34-8.62.
Corn bids for January 2013 delivery at the country elevators in
northern and western Illinois gained 42 to 47 cents to range
from 7.37-7.53, with central Illinois locations up 34 to 38
cents at 7.54-7.77 and in southern Illinois bids were 39 to 44
cents higher and ranged from 7.52-7.85.
January 2013 delivery soybean bids
in northern and western Illinois were down 16 to 18 cents at
15.27-15.41, while central Illinois locations fell 20 to 21
cents ranging from 15.42-15.58 and in southern Illinois
bids dropped 20 to 21 cents ranging from 15.36-15.64.
New crop wheat bids for June-July
2013
delivery in southern Illinois ended 2 to 6 cents higher at
7.88-8.14.
___
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 |
7.30 - 7.39 |
15.25 - 15.32 |
|
|
WESTERN |
7.22 - 7.34 |
15.18 - 15.33 |
|
|
N. CENT. |
7.37 - 7.45 |
15.31 - 15.46 |
|
|
S. CENTRAL |
7.37 - 7.55 |
15.33 - 15.42 |
|
|
WABASH |
7.53 - 7.63 |
15.22 - 15.41 |
8.25 - 8.41 |
|
W.S. WEST |
7.44 - 7.54 |
15.33 - 15.40 |
8.21 - 8.38 |
|
L. EGYPT |
7.48 - 7.55 |
15.27 - 15.34 |
8.32 - 8.40 |
Central Illinois average price
Corn: 7.46 (- 2 Z)
Soybeans:
15.38 1/2 (-13 X)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.36 - 7.46 |
15.27 - 15.37 |
|
|
WESTERN |
7.28 - 7.40 |
15.31 - 15.42 |
|
|
N. CENT. |
7.43 - 7.51 |
15.42 - 15.50 |
|
|
S. CENTRAL |
7.55 - 7.65 |
15.43 - 15.58 |
|
|
WABASH |
7.66 - 7.77 |
15.36 - 15.49 |
7.90 - 8.05 |
|
W.S. WEST |
7.41 - 7.67 |
15.57 - 15.65 |
7.84 - 7.90 |
|
L. EGYPT |
7.71 - 7.73 |
15.47 - 15.51 |
8.08 - 8.14 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
10/4/2012 |
9/27/2012
|
| |
Price--Basis |
Price--Basis |
|
Corn |
7.55 - 2Z |
7.18 1/2 + 2Z
|
|
Soybeans |
15.39 1/2 -12X |
15.58 1/2 -12X |
Annual Comparison
|
|
Sept 2012 |
Sept 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.83 +6Z |
6.77
-17Z |
|
Soybeans |
16.95 -5X |
13.12 -13X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
