|
 (Copy)
Illinois country grain prices were
mixed on Friday afternoon, with soybeans higher and corn and
wheat lower.
Technical trading at the Board of
Trade
helped to boost soybean values, along with stronger soybean meal
values.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were steady to 1 cent lower at 6.40-6.55.
Soybean bids were 9 to 14 cents
higher at 14.31-14.48.
In Central Illinois country grain dealers quoted shelled corn
bids were 1 to 3 cents lower at 6.39-6.56.
Soybean bids were 4 to 9 cents
higher at 14.51-14.61.
In the Southern part of the state, shelled corn bids were 4 to 5
cents lower at 6.29-6.64.
Soybean bids were 6 to 11 cents
higher at 14.51-14.67.
Wheat bids were 11 to 13 cents
lower at 6.83-7.01.
Illinois grains ended mixed this week at the Board of Trade,
with soybeans higher and corn and wheat slightly lower.
Soybean futures were supported by
strong cash markets and good export interest. Weekly
export sales for soybeans totaled 422,000 tonnes for both old
and new crop years.
The USDA announced Thursday that
the US has sold new crop soybeans to China and to unknown
destinations.
Though wheat futures ended lower
for the week, traders are concerned with how much damage was
done to the western wheat crop due to freezing temperatures last
week.
It seems like corn futures are
driven by the weather forecast, but export interest has also
been moderate to good.
The trading in the cash grain market was very slow this week.
This is also a very confusing time
for farmers and grain merchandisers.
So what makes this time confusing?
Different spot basis months are being used by the processors and
river terminals.
If you only look at the price,
there is no confusion.
If you look at those large numbers
on basis, you have to pay attention.
At a time when the soybean basis
has hit triple digits at many locations, it can make a big
difference in pulling the trigger on a sale or not.
So, if you are considering making
a sale of cash grain in the next week, make sure you know if the
basis quoted is verses the May (K) or the July (N).
At the Central Illinois Soybean
Processors cash bids were mixed ranging from 14.67-14.82, with
basis up 15 to 35 cents ranging from +95N to +110N.
At the Central Illinois Corn
Processors cash bids were steady to 5 cents lower ranging from
6.64-6.69, with basis steady to 5 cents
higher at +40N to +45N.
At the Illinois River terminals
south of Peoria, cash corn bids ended 3 to 6 cents lower ranging
from 6.53-6.60, with basis down 4 to 7 cents to +8K to +15K.
Cash soybean bids lost 8 to 15
cents to 14.53-14.70, with basis 1 to 8 cents lower ranging from
+30K to +47K.
New crop wheat bids for delivery
in July 2013 ended 1 cent lower ranging from 7.06-
7.07, with basis 2 cents stronger at +2N to +3N.
At the Illinois River terminals
north of Peoria,
cash corn bids were down 4 to 7 cents at 6.50-6.52, with basis
down 5 to 7 cents to range from +5K to +71/2K.
[to top of second column] |
Cash soybean bids dropped 18 to 24
cents to 14.47-14.57, with basis 11 to 17 cents lower ranging
from +24K to +34K.
New crop wheat bids for July 2013
delivery ended mixed to range from 7.06-7.07, with basis 2 cents
higher at +4N to +6N.
At the St. Louis terminals cash
corn bids closed 8 to 10 cents lower ranging from 6.49-6.50,
with soybeans down 12 to 27 cents ranging from 14.63-14.64.
Cash bids for Soft Red Winter
wheat were down 2 cents to 7.25-7.26 and cash sorghum bids were
unchanged at 6.30-6.31.
In northern and western Illinois, cash corn bids to producers at
country elevators were mixed at 6.40-6.56, with central Illinois
locations steady to 2 cents lower at 6.42-6.57 and in southern
Illinois bids were 1 to 5 cents lower ranging from 6.33-6.69.
Cash soybean bids in northern and western locations were down 13
to 22 cents at 14.17-14.39, with central Illinois bids 6 to 9
cents lower at 14.42-14.57 and southern Illinois bids dropped 6
to 10 cents at 14.40-14.61.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations ended 1 to 2 cents
higher ranging from 6.96-7.12.
New crop wheat bids for June-July
delivery in southern Illinois were down 3 to 10 cents ranging
from 6.74-7.02.
___
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 |
6.44 - 6.55 |
14.31 - 14.46 |
|
|
WESTERN |
6.40 - 6.47 |
14.35 - 14.48 |
|
|
N. CENT. |
6.41 - 6.56 |
14.53 - 14.60 |
|
|
S. CENTRAL |
6.39 - 6.46 |
14.51 - 14.61 |
|
|
WABASH |
6.50 - 6.64 |
14.51 - 14.61 |
6.84 - 7.01 |
|
W.S. WEST |
6.29 - 6.38 |
14.55 - 14.67 |
6.85 - 6.97 |
|
L. EGYPT |
6.55 - 6.64 |
14.61 - 14.66 |
6.83 - 7.01 |
Central Illinois average price
Corn: 6.47 1/2 (+ 3 1/2
K)
Soybeans:
14.56 (+25 K)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
4.90 - 5.09 |
11.70 - 11.80 |
|
|
WESTERN |
4.87 - 5.07 |
11.72 - 11.78 |
|
|
N. CENT. |
4.87 - 5.04 |
11.78 - 11.93 |
|
|
S. CENTRAL |
4.90 - 5.06 |
11.80 - 11.92 |
|
|
WABASH |
4.96 - 5.06 |
11.80 - 11.85 |
6.63 - 6.77 |
|
W.S. WEST |
4.91 - 5.08 |
11.88 - 11.94 |
6.81 - 6.91 |
|
L. EGYPT |
5.01 - 5.09 |
11.77 - 11.90 |
6.73 - 6.81 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
4/25/2013 |
4/18/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.49 1/2 +4K |
6.50 1/2 +6K |
|
Soybeans |
14.49 1/2 +26K |
14.49 1/2 +26K |
Annual Comparison
|
|
March 2013 |
April 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.33
+16 1/2K |
6.34 - 1/2K |
|
Soybeans |
14.62 +17K |
14.23 -17 1/2K |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
