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Illinois country grain prices were
mixed Friday afternoon.
Wheat futures received a boost
when Russian officials announced they would be banning wheat
exports by November 15th.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids steady to 1 cent higher 7.37-7.52.
Soybean bids were 10 to 15 cents
lower at 15.01-15.16.
In Central Illinois country grain dealers quoted shelled corn
bids were steady to 1 cent higher at 7.51-7.71.
Soybean bids were 9 to 12 cents
lower at 15.15-15.29.
In the Southern part of the state, shelled corn bids were mostly
steady to 1 cent higher at 7.34-7.74.
Soybean bids were 10 to 20 cents
lower at 15.09-15.26.
Wheat bids were mostly 3 to 5
cents higher at 8.36-8.63
Illinois grains-Grain futures ended slightly lower at the
Chicago Board of Trade, though we had several days of sharply
higher, then sharply lower, with one day of mostly steady.
There was very little fresh news
to move prices this week.
Fund liquidation was a source of
pressure. Harvest continues throughout the cornbelt, with
scattered showers and rain slowing the pace in several areas.
Traders continue to hear stories
of soybean yields being better than expected, but good demand
still supports prices.
Soybeans again had very good
weekly export sales figures of 523,400 tonnes, with corn at
166,700 tonnes and wheat at 410,000 tonnes.
The fall harvest and now fall tillage were keeping farmers busy,
with some producers thinking about applying anhydrous ammonia.
According to the USDA's Illinois Weather and Crops report, from
the Illinois Field Office in Springfield, the Illinois corn
harvest had reached 87% complete, compared to 60% last year and
53% for the five year average.
The soybean crop was now 69%
harvested in the state of Illinois, compared to 66% last year
and 60% for the five year average. Wheat planting had reached
46% complete, compared to 30% last week and 48% for the five
year average.
There was now 11% of the crop
already emerged, compared to 16% last year and 14% for the five
year average.
Topsoil moisture has improved
greatly since July and August, with 4% surplus, 61% adequate,
23% short and 12% very short. Subsoil moisture has also
improved, but many would like to see that improve before winter
hits.
There was 1% surplus, with 26%
adequate, 43% short and 30% very short.
Much of the rainfall we have
received in the last several weeks has been soaking in, with
runoff to ponds and lakes being minimal.
The trading in the cash grain market was slow to moderate.
Cash basis was mostly steady for
the weak, though some weakness was noted at some river terminals
late in the week in cash soybeans.
The Central Illinois Soybean
Processors cash bids ended 3 to 8 cents lower at 15.50-15.60,
with basis steady to 5 cents lower ranging from +5X to +15X.
The Central Illinois Corn
Processors cash bids were down 12 cents ranging from 7.66-7.76,
with basis steady ranging from +5Z to +15Z.
At the Illinois River terminals
south of Peoria, cash corn bids ended 8 to 9 cents lower ranging
from 7.52-7.56, with basis up 3 to 4 cents at -9Z to -5Z.
Cash soybean bids fell 8 to 11
cents at 15.36-15.40, with basis down 5 to 8 cents ranging from
-9X to -5X.
New crop wheat bids for delivery
in July 2013 ended 14 cents lower ranging from 8.13-8.17, with
basis steady at -34N to -30N.
[to top of second column] |
At the Illinois River terminals
north of Peoria, cash corn bids fell 10 to 12 cents to
7.49-7.53, with basis steady to up 2 cents at -14Z to -8Z.
Cash soybean bids were down 1 to 3
cents to 15.33-15.38, with basis steady to 2 cents higher
ranging from -121/2 X to -7X. New crop wheat bids for July 2013
delivery dropped 6 to 14 cents to range from 8.20-8.22, with
basis steady to up 8 cent at
--27N to -25N.
At the St. Louis terminals cash
corn bids were mixed at 7.46-7.57, with soybeans down 4 to 6
cents ranging from 15.49-15.59.
Cash bids for Soft Red Winter
wheat fell 18 cents to 8.47-8.48 and cash sorghum bids were 13
cents lower to range from 7.30-7.31.
In northern and western Illinois, cash corn bids to producers at
country elevators were 11 to 14 cents lower at 7.36-7.52, with
central Illinois locations down 6 to 16 cents at 7.46-7.70 and
in southern Illinois bids lost mostly 12 cents to range from
7.29-7.73.
Cash soybean bids in northern and
western locations were mixed at 15.13-15.35 with central
Illinois bids were steady to 3 cents lower at 15.27-15.40 and
southern Illinois bids were 2 to 14 cents lower at 15.21-15.35.
Cash wheat bids for Soft Red
Winter wheat in
southern Illinois locations decreased 7 to 18 cents to
8.32-8.59.
New crop wheat bids for June-July
delivery in southern Illinois lost 11 to 12 cents to range from
8.00-8.17.
___
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 |
7.46 - 7.52 |
15.02 - 15.12 |
|
|
WESTERN |
7.37 - 7.52 |
15.01 - 15.16 |
|
|
N. CENT. |
7.51 - 7.66 |
15.17 - 15.29 |
|
|
S. CENTRAL |
7.51 - 7.71 |
15.15 - 15.28 |
|
|
WABASH |
7.65 - 7.74 |
15.14 - 15.26 |
8.40 - 8.63 |
|
W.S. WEST |
7.34 - 7.45 |
15.09 - 15.26 |
8.36 - 8.58 |
|
L. EGYPT |
7.62 - 7.72 |
15.09 - 15.24 |
8.43 - 8.63 |
Central Illinois average price
Corn: 7.61 (- 1/2 Z)
Soybeans:
15.22 (-12 X)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.53 - 7.58 |
15.13 - 15.22 |
|
|
WESTERN |
7.41 - 7.57 |
15.17 - 15.25 |
|
|
N. CENT. |
7.57 - 7.66 |
15.29 - 15.41 |
|
|
S. CENTRAL |
7.66 - 7.82 |
15.27 - 15.45 |
|
|
WABASH |
7.75 - 7.87 |
15.30 - 15.35 |
8.13 - 8.18 |
|
W.S. WEST |
7.47 - 7.56 |
15.41 - 15.57 |
8.01
- 8.08 |
|
L. EGYPT |
7.80 - 7.88 |
15.35 - 15.45 |
8.13 - 8.18 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
10/18/2012 |
10/11/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.58
-3Z |
7.69 -4Z |
|
Soybeans |
15.331/2 -12 X |
15.35 -13« X |
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]
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