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Illinois country grain prices were
higher on Friday afternoon.
Stronger wheat values helped to
lift corn and soybean prices.
Export interest and concern with
smaller global supplies supported higher value futures.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids 3 to 6 cents higher at 7.18-7.39.
Soybean bids were mostly 3 to 5
cents higher at 15.88-16.04.
In Central Illinois country grain dealers quoted shelled corn
bids were mostly 1 to 2 cents higher at 7.44-7.61.
Soybean bids were mostly 2 to 3
cents higher at 16.04-16.12.
In the Southern part of the state, shelled corn bids were 1 to 2
cents higher at 7.42-7.63.
Soybean bids were mostly 2 to 4
cents higher at 15.99-16.15.
Wheat bids were 16 to 17 cents
higher at 8.62-8.86.
Illinois grains-Grain futures ended lower, with soybean values
sharply lower at the Chicago
Board of Trade.
Fund liquidation and profit
taking, speculator selling and weak outside financial markets
weighed on grain futures.
Weekly export sales figures for
corn were way under expectations at only 69,000 tonnes for the
2012-2013 marketing year.
Sales for soybeans were good at
717,000 tonnes for the same time period.
Another week of dry weather conditions kept harvest moving in
Illinois, according to the USDA's Illinois Weather and
Crops report, from the Illinois Field Office in Springfield, the
Illinois corn harvest had reached 36% complete, compared to 9%
last year and 13% for the five year average.
The southern regions again led in the race with 40-69% done,
compared to 7-38% for the northern areas of the state.
The soybean harvest gained a
little ground with 3% harvested in the state of Illinois. A few
more producers in the central and southern regions of the state
started to open new fields to harvest.
There was now 45% of the soybean
crop dropping leaves, compared to 26% last year and 32% for the
five year average. There was 79% of the crop turning yellow,
compared to 62 % last year and 62% for the five year average.
The state's pasture ratings
continue to improve this week; there was 19% in the good to
excellent range, with 38% fair and 43% in the very poor to poor
range.
The trading in the cash grain market was still a little too slow
for many corn and soybean processors this week.
The corn processor basis did end
steady to slightly lower, but river basis improved even though
barge freight continued to go up. Spot barge freight along the
Illinois River went up 75% this week to range from 600-650% of
tariff.
The closing of Lock and Dam #27
near St Louis on the Mississippi River created quite a jam on
the river.
It had to be closed for emergency
repairs and stopped all traffic moving up and down the river,
especially barges carrying grain to the gulf.
Closed on Saturday, it was
reopened again to traffic on Thursday.
It's that time of year to be
attentive to quick shipment bids.
Some soybean processors were
running low on soybean supplies before the new crop soybeans
were getting a good start.
If you have some soybeans ready to
ship and sell, it might pay to ask your merchandiser.
The Central Illinois Soybean
Processors cash bids ended 1.33-1.38 lower at 16.24-16.54, with
basis down 5 to10 cents ranging from +5X to +35X.
The Central Illinois Corn
Processors cash bids were down 28 to 31 cents ranging from
7.56-7.71, with basis steady to 3 cents lower ranging from +10Z
to +25Z.
At the Illinois River terminals
south of Peoria, cash corn bids ended 25 cents lower ranging
from 7.20-7.22, with basis up 3 cents at -6Z to -24Z.
Cash soybean bids lost 1.18 to
1.31 at 16.04-16.19, with basis mixed ranging from -15X to
option X.
Corn bids for January 2013
delivery fell 28 to 30 cents to range from 7.50-7.56, with basis
mixed at +1H to +7H.
Soybeans for January 2013 delivery
ended 1.28 lower ranging from 16.29-16.36, with basis up 2 cents
at +11F to +18F.
New crop wheat bids for delivery
in July 2013 ended 14 to 15 cents lower ranging from 8.23-8.29,
with basis steady to 1 cent higher at -40N to -34N.
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At the Illinois River terminals
north of Peoria, cash corn bids dropped 25 to 31 cents to
7.29-7.32, with basis mixed at -17Z to -14Z.
Cash soybean bids were down 1.26
to 1.33 at 16.00-16.01, with basis mixed ranging from -19X to
-18X.
Corn bids for January 2013
delivery fell 26 cents ranging from 7.46-7.49, with basis 3
cents stronger ranging from -3H to option H.
Soybean bids for January 2013
delivery were down 1.28 ranging from 16.30-16.32, with basis 2
cents higher at +12F to +14F. New crop wheat bids for July 2013
delivery dropped 14 to 15 cents to range from 8.23-8.33, with
basis up 1 to 10 cents at -40N to -30N.
At the St. Louis terminals cash
corn bids were 15 to 21 cents lower at 7.28-7.37, with soybeans
down 1.24 to 1.34 ranging from 16.08-16.19.
Cash bids for Soft Red Winter
wheat decreased 26 cents to 8.54-8.55, and cash sorghum bids
were 27 cents lower to range from 6.96-6.97.
In northern and western Illinois, cash corn bids to producers at
country elevators were 30 to 50 cents lower at 7.45-7.32, with
central Illinois locations down 29 cents at 7.45-7.59 and in
southern Illinois bids dropped 21 to 32 cents to range from
7.40-7.62.
Cash soybean bids in northern and
western locations were down 1.16 to 1.28 at 15.89-15.99 with
central Illinois bids losing 1.47 to 1.48 at 16.00-16.14 and
southern Illinois bids were 1.28 to 1.34 lower at 15.93-16.09.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations dropped 14 to 20
cents to 8.45-8.70.
Corn bids for January 2013 delivery at the country elevators in
northern and western Illinois fell 25 to 42 cents to range from
7.26-7.37, with central Illinois locations down 28 to 35 cents
at 7.44-7.69 and in southern Illinois bids were 32 to 47 cents
lower and ranged from 7.47-7.76.
January 2013 delivery soybean bids
in northern and western Illinois were down 1.22 to 1.30 at
15.94-16.13, while central Illinois locations fell 1.30 ranging
from 16.10-16.25 and in southern Illinois bids dropped 1.30 to
1.31 ranging from 16.03-16.34.
New crop wheat bids for June-July
2013 delivery in southern Illinois ended 14 to 15 cents lower at
8.13-8.33.
___
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 |
7.26 - 7.39 |
15.88 - 16.01 |
|
|
WESTERN |
7.18 - 7.34 |
15.92 - 16.04 |
|
|
N. CENT. |
7.47 - 7.61 |
16.05 - 16.10 |
|
|
S. CENTRAL |
7.44 - 7.58 |
16.04 - 16.12 |
|
|
WABASH |
7.55 - 7.63 |
15.99 - 16.10 |
8.62 - 8.77 |
|
W.S. WEST |
7.42 - 7.61 |
16.02 - 16.15 |
8.72 - 8.86 |
|
L. EGYPT |
7.52 - 7.63 |
16.02 - 16.07 |
8.67 - 8.79 |
Central Illinois average price
Corn: 7.52 1/2 (+ 4 1/2 Z)
Soybeans:
16.08 (-13 1/2 X)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.31 - 7.46 |
15.98 - 16.08 |
|
|
WESTERN |
7.26 - 7.38 |
16.03 - 16.13 |
|
|
N. CENT. |
7.46 - 7.59 |
16.14 - 16.24 |
|
|
S. CENTRAL |
7.54 - 7.70 |
16.21 - 16.30 |
|
|
WABASH |
7.68 - 7.78 |
16.07 - 16.19 |
8.37 - 8.40 |
|
W.S. WEST |
7.48 - 7.75 |
16.27 - 16.35 |
8.22 - 8.37 |
|
L. EGYPT |
7.74 - 7.77 |
16.19 - 16.22 |
8.32
- 8.41 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
9/20/2012 |
9/13/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.52 + 6Z |
7.81 +7Z |
|
Soybeans |
16.07 - 12X |
17.54 1/2 +7X |
Annual Comparison
|
|
August 2012
|
August 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
8.15 +12 U |
7.30 +16 U |
|
Soybeans |
17.09 +44 X |
13.59 -11 X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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