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Illinois country grain prices were
mixed on Friday afternoon, with wheat higher and corn and
soybeans lower.
Wheat ended higher due to
continued export interest and an increase in export demand.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were mixed at 5.61-5.81.
Soybean bids were 20 to 24 cents
lower at 12.93-13.22.
In Central Illinois country grain dealers quoted shelled corn
bids were mostly 11 to 12 cents lower at 5.67-5.96.
Soybean bids were 13 to 18 cents
lower at 13.06-13.28.
In the Southern part of the state, shelled corn bids were 12 to
16 cents lower at 5.61-5.96.
Soybean bids were 26 to 34 cents
lower at 12.98-13.42.
Wheat bids were 1 to 2 cents
higher at 6.40-6.70.
Illinois grains ended mixed this
week at the Board of Trade, with soybeans and wheat higher and
corn slightly lower.
The weather forecast and good
growing conditions weighed on futures prices this week.
Export interest and sales helped
to pull wheat and soybean futures higher.
Confirmed soybeans sales to China
and unknown destinations were supportive.
Thursday's weekly export sales
numbers for corn, soybeans and wheat were all above trade
expectations.
This week's Illinois Weather and Crops report, released by the
Illinois Field office of the National Ag Statistics Service,
showed another slight decline in crop conditions.
As of July 28th, the Illinois corn
crop placed 64% in the good to excellent category, down 1% from
one week ago.
The Illinois soybean crop was 1%
lower from last week at 71% good to excellent category.
Topsoil moisture increased 5% with
69% adequate, 4% surplus and 25% short, with the western section
receiving some rain and now placing only 42% in the short
category.
This week there was 85% of the
state's corn crop the silk stage, compared to 100% last year and
86% for the five year average.
There was 14% in the dough stage,
compared to 55% last year and the five year average of 31%.
There was 65% of the state's
soybean crop blooming, compared to 93% last year and 72% for the
five year average.
There was 16% of the state's
soybean crop setting pods, compared to 58% last year and 33% for
the five year average.
The trading in the cash grain market was moderate this week.
The futures market and the cash
markets were trying to stabilize after last week's sharp decline
in both futures and basis.
Farmer movement also tightened up
after bids ended sharply lower for corn and soybeans.
Late this week, many river
terminals joined the soybean processors by switching their spot
basis month from August (Q) to November (X).
The Central Illinois Soybean
Processors cash bids dropped 33 to 43 cents to 13.52-13.62, with
basis ranging from +160X to +170X. At the Central Illinois Corn
Processors cash bids were mixed ranging from 6.07-6.17, with
basis steady to 20 cents higher at +120U to +130U.
[to top of second
column] |
At the Illinois River terminals
south of Peoria, cash corn bids were down 14 to 16 cents ranging
from 5.60-5.77, with basis down 5 to 7 cents ranging from +73U
to +90U.
Cash soybean bids were down 25 to
34 cents with bids ranging from 13.30-13.45, with basis ranging
from +138X to +153X.
Wheat bids were 16 to 20 cents
higher ranging from 6.53-6.64, with basis 7 to 11 cents higher
at -5U to +6U.
At the Illinois River terminals
north of Peoria, cash corn bids advanced 21 to 28 cents to
5.97-6.07, with basis up 30 to 37 cents at +110U to +120U.
Cash soybean bids gained 8 to 15
cents to range from 13.61-13.74, with basis up 5 to 12 cents
ranging from +3Q to +16Q.
Wheat bids were 13 to 17 cents
higher ranging from 6.60-6.62, with basis up 4 to 8 cents at +2U
to option +4U.
At the St. Louis terminals cash
corn bids closed 16 to 37 cents lower ranging from 5.57-5.85,
with soybeans down .71 to 1.69 ranging from 12.02-13.14.
Cash bids for Soft Red Winter
wheat were 16 cents higher at 6.83-6.84 and cash sorghum bids
were 9 cents lower at 6.45-6.46.
In northern and western Illinois, cash corn bids to producers at
country elevators were mixed at 5.57-5.85, with central Illinois
locations mostly 28 cents lower at 5.86-6.08 and in southern
Illinois bids lost 18 to 28 cents ranging from 5.77-6.08.
Cash soybean bids in northern and
western locations were down 17 to 22 cents at 13.13-13.46, with
central Illinois bids 33 to 42 cents lower at 13.24-13.41 and
southern Illinois bids were down 7 to 17 cents ranging from
13.32-13.68.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois gained 9 to 21 cents ranging
from 6.38-6.69.
___
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 |
5.61 - 5.73 |
13.06 - 13.22 |
|
|
WESTERN |
5.62 - 5.81 |
12.93 - 13.16 |
|
|
N. CENT. |
5.67 - 5.88 |
13.06 - 13.28 |
|
|
S. CENTRAL |
5.86 - 5.96 |
13.13 - 13.24 |
|
|
WABASH |
5.76 - 5.96 |
13.11 - 13.32 |
6.40 - 6.47 |
|
W.S. WEST |
5.65 - 5.87 |
12.98 - 13.01 |
6.63 - 6.70 |
|
L. EGYPT |
5.61 - 5.86 |
13.31 - 13.42 |
6.41 - 6.58 |
Central Illinois average price
Corn: 5.81 1/2 (+105
1/2U)
Soybeans:
13.17 (+135 1/2X)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
4.37 - 4.49 |
11.46 - 11.64 |
|
|
WESTERN |
4.30 - 4.42 |
11.44 - 11.56 |
|
|
N. CENT. |
4.33 - 4.44 |
11.51 - 11.71 |
|
|
S. CENTRAL |
4.32 - 4.51 |
11.57 - 11.72 |
|
|
WABASH |
4.39 - 4.49 |
11.60 - 11.72 |
|
|
W.S. WEST |
4.33 - 4.49 |
11.70 - 11.78 |
|
|
L. EGYPT |
4.40 - 4.49 |
11.62 - 11.72 |
|
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
8/1/2013
|
7/25/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
5.97 +109 1/2U |
6.12 +1.16U |
|
Soybeans |
13.32 1/2 +140X |
13.70 +15Q |
Annual Comparison
|
|
July
2013 |
August 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
6.60
1/2 +132U |
8.15 +11 1/2U |
|
Soybeans |
15.19 +85 1/2Q |
17.09 +44 1/2X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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