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Illinois country grain prices were
mostly lower on Friday afternoon, with soybean values sharply
lower.
The sharply lower soybean futures
weighed on wheat and corn values.
Higher than expected World soybean
stocks and Brazilian soybean production estimates weakened
soybean prices.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were mixed at 6.96-7.09.
Soybean bids were 34 to 38 cents
lower at 14.35-14.52.
In Central Illinois country grain dealers quoted shelled corn
bids were 1 to 2 cents lower at 7.11-7.27.
Soybean bids were 31 to 35 cents
lower at
14.56-14.67.
In the Southern part of the state, shelled corn bids were 2
cents lower at 7.04-7.34.
Soybean bids were 30 to 34 cents
lower at 14.61-14.79.
Wheat bids were mostly steady at
7.51-7.71.
Illinois grains ended mixed with soybeans higher and corn and
wheat lower.
Soybean futures were supported by
the continued good export demand, especially from China, and
strong soybean meal values.
Traders also paid attention to the
South American weather forecast.
The slow export market weighed on
both corn and wheat values.
Some beneficial rainfall in the
Hard Red wheat growing regions also helped to push prices lower.
The release of the USDA's updated
Supply Demand report on Friday kept some traders on the
sidelines waiting for new news to move market values.
The trading in the cash grain market was slow to moderate. Basis
levels were mixed this week, but were definitely stronger along
the Illinois River terminals south of Peoria for both cash corn
and soybeans.
The improvements in basis were
definitely made to improve the flow of grain to the terminals.
The Central Illinois Soybean
Processors cash bids were 19 to 20 cents higher ranging from
15.13-15.27, with basis steady to 1 cent higher at +26H to +40H.
The Central Illinois Corn
Processors cash bids were down 23 to 34 cents ranging from
7.21-7.44, with basis mixed ranging from +10H to +33H.
At the Illinois River terminals
south of Peoria, cash corn bids ended 20 to 22 cents lower
ranging from 7.18-7.25, with basis up 7 to 9 cents at +7H to
+14H.
Cash soybean bids gained 26 to 28
cents to 15.10-15.18, with basis gaining 7 to 9 cents ranging
from +23H to +31H.
New crop wheat bids for delivery
in July 2013 ended 26 to 30 cents lower ranging from 7.42-7.53,
with basis steady to 4 cent higher at -21N to -10N. At the
Illinois River terminals north of Peoria, cash corn bids were
down 25 to 28 cents at 7.17-7.18, with basis 1 to 4 cents higher
at +6H to +7H.
Cash soybean bids were up 14 to 18
cents
at 15.08-15.14, with basis 1 to 5 cents lower ranging from +21H
to +27H.
New crop wheat bids for July 2013
delivery fell 28 to 30 cents to range from 7.37-7.44, with basis
steady to 2 cents higher at -26N to -19N.
[to top of second column] |
At the St. Louis terminals cash
corn bids were 28 to 29 cents lower at 7.20-7.21, with soybeans
gaining 18 to 27 cents ranging from 15.18-15.29.
Cash bids for Soft Red Winter
wheat fell 9 cents to 7.95-7.96 and cash sorghum bids were down
25 cents to range from 7.10-7.11.
In northern and western Illinois, cash corn bids to producers at
country elevators lost 30 to 39 cents at 6.98-7.08, with central
Illinois locations down 27 to 28 cents at 7.12-7.29 and in
southern Illinois bids were 23 to 30 cents lower ranging from
7.06-7.36.
Cash soybean bids in northern and
western locations were up 23 to 25 cents at 14.73-14.86 with
central Illinois bids 12 to 13 cents higher at 14.87-15.02 and
southern Illinois bids were up 12 to 14 cents at 14.91-
15.13.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations lost 13 to 21 cents
to 7.51-7.77.
New crop wheat bids for June-July
delivery in southern Illinois were 13 to 34 cents lower to range
from 7.30-7.41.
___
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 |
6.96 - 7.07 |
14.35 - 14.44 |
|
|
WESTERN |
7.02 - 7.09 |
14.39 - 14.52 |
|
|
N. CENT. |
7.11 - 7.18 |
14.56 - 14.67 |
|
|
S. CENTRAL |
7.14 - 7.27 |
14.56 - 14.67 |
|
|
WABASH |
7.16 - 7.26 |
14.65 - 14.73 |
7.51 - 7.64 |
|
W.S. WEST |
7.04 - 7.17 |
14.61 - 14.69 |
7.76 - 7.71 |
|
L. EGYPT |
7.24 - 7.34 |
14.72 - 14.79 |
7.61 - 7.71 |
Central Illinois average price
Corn: 7.19 (+10 H)
Soybeans:
14.61 1/2 (+ 9 H)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.23 - 5.37 |
12.40 - 12.59 |
|
|
WESTERN |
5.23 - 5.35 |
12.34 - 12.50 |
|
|
N. CENT. |
5.24 - 5.39 |
12.41 - 12.52 |
|
|
S. CENTRAL |
5.28 - 5.43 |
12.49 - 12.59 |
|
|
WABASH |
5.35 - 5.53 |
12.49 - 12.57 |
7.31 - 7.35 |
|
W.S. WEST |
5.30 - 5.38 |
12.58 - 12.68 |
7.27 - 7.32 |
|
L. EGYPT |
5.38 - 5.48 |
12.43 - 12.62 |
7.31 - 7.40 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
2/7/2013 |
1/31/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.20 1/2 +10H |
7.48 + 7 1/2H |
|
Soybeans |
14.94 1/2 + 8H |
14.82 +13 1/2H |
Annual Comparison
|
|
January 2013 |
February 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.17 + 2H |
6.41 + 1/2H |
|
Soybeans |
14.30 +11H
|
12.40 -15 H |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
 |
