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Illinois country grain prices were
mostly higher on Friday afternoon.
Corn and wheat futures were
supported by fund buying at the Board of Trade.
New fundamental news to move
prices was hard to find.
Though a weather forecast for dry
and cold conditions in the plain states supported wheat values.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 1 to 5 cents higher at 7.11-7.35.
Soybean bids were mixed at
14.18-14.39.
In Central Illinois country grain dealers quoted shelled corn
bids were 3 cents higher at 7.21-7.39.
Soybean bids were 1 to 5 cents
lower at
14.32-14.45.
In the Southern part of the state, shelled corn bids were 3
cents stronger at 7.12-7.52.
Soybean bids were 1 cent lower at
14.46-14.67. Wheat bids were 10 to 15 cents higher at 7.80-8.01.
Illinois grains ended sharply higher for the week.
The futures market was supported
by the
USDA"s reports last Friday, especially corn and wheat.
In the USDA's Quarterly Grain
Stocks
report, corn stocks in all positions as of December 1, 2012 were
lower than expectations at 8.03 billion bushels.
Wheat values were supported by
lower than expected US and world carryout figures.
Soybean futures have been
supported by strong basis levels in the cash market and export
sales.
This week there was an
announcement of the sale of 120,000 tonnes of US soybeans to
China, with another sale of 240,000 tonnes to an unknown
destination.
Weekly export sales numbers were
also very good on Thursday, with sales of 1.788 million tonnes
for both old and new crop beans.
The trading in the cash grain market was moderate. While
basis levels have temporarily peaked for both cash corn and
soybeans, they still remain very strong.
The best deals are still for quick
shipments, especially by the end of the January. Some heavy
rainfall in several locations in southern Illinois last weekend
has helped boost water levels along the Mississippi River.
The water levels are up two feet
from last week in St.Louis.
The Central Illinois Soybean
Processors cash bids were up 47 to 56 cents ranging from
14.62-14.75, with basis mixed at +32H to +45H.
The Central Illinois Corn
Processors cash bids were 18 to 25 cents stronger ranging from
7.29-7.48, with basis steady to 7 cents lower ranging from +5H
to +24H.
At the Illinois River terminals
south of Peoria, cash corn bids ended 23 to 25 cents higher
ranging from 7.26-7.27, with basis steady to 2 cents lower at
+2H to +3H.
Cash soybean bids gained 41 to 43
cents to 14.65-14.73, with basis down 7 to 9 cents ranging from
+35H to +43H.
New crop wheat bids for delivery
in July 2013 ended 35 to 36 cents higher ranging from
7.54-7.70, with basis steady to 1 cent higher at -41N to -25N.
At the Illinois River terminals
north of Peoria, cash corn bids gained 21 to 24 cents to
7.21-7.24, with basis down 1 to 4 cents at -3H to option H.
[to top of second column] |
Cash soybean bids were up 40 to 46
cents at 14.60-14.70, with basis losing 4 to 10 cents ranging
from +30H to +40H.
New crop wheat bids for July 2013
delivery
increased 36 to 39 cents to range from 7.68-7.75, with basis up
1 to 4 cents at -27N to -20N.
At the St. Louis terminals cash
corn bids were up 26 to 28 cents at 7.24-7.27, with soybeans
gaining 46 to 50 cents ranging from 14.80-14.90.
Cash bids for Soft Red Winter
wheat gained
39 cents to 7.95-7.96 and cash sorghum bids were up 46 cents to
range from 7.09-7.10.
In northern and western Illinois, cash corn bids to producers at
country elevators gained 29 to 38 cents at 7.10-7.30, with
central Illinois locations up 26 to 30 cents at 7.18-7.36 and in
southern Illinois bids were 29 cents higher ranging from
7.09-7.49.
Cash soybean bids in northern and
western locations were up 46 to 53 cents at 14.19-14.34 with
central Illinois bids gaining 47 to 51 cents at 14.33-14.51 and
southern Illinois bids were 48 to 56 higher 14.47-14.68.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations advanced 36 to
40 cents to 7.73-7.86.
New crop wheat bids for June-July
delivery in southern Illinois increased 35 to 39 cents to range
from 7.53-7.65.
_____
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 |
7.18 - 7.35 |
14.25 - 14.39 |
|
|
WESTERN |
7.11 - 7.18 |
14.18 - 14.23 |
|
|
N. CENT. |
7.21 - 7.34 |
14.32 - 14.45 |
|
|
S. CENTRAL |
7.25 - 7.39 |
14.35 - 14.44 |
|
|
WABASH |
7.34 - 7.43 |
14.46 - 14.59 |
7.85 - 7.96 |
|
W.S. WEST |
7.12 - 7.34 |
14.57 - 14.61 |
7.83 - 7.90 |
|
L. EGYPT |
7.40 - 7.52 |
14.51 - 14.67 |
7.80 - 8.01 |
Central Illinois average price
Corn: 7.30
(+ 2 1/2 H)
Soybeans:
14.38 1/2 (+ 9
H)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.48 - 5.62 |
12.43 - 12.57 |
|
|
WESTERN |
5.45 - 5.55 |
12.37 - 12.53 |
|
|
N. CENT. |
5.55 - 5.66 |
12.57 - 12.65 |
|
|
S. CENTRAL |
5.51 - 5.69 |
12.52 - 12.67 |
|
|
WABASH |
5.56 - 5.70 |
12.55 - 12.62 |
7.73 - 7.87 |
|
W.S. WEST |
5.45 - 5.60 |
12.52 - 12.67 |
7.74 - 7.75 |
|
L. EGYPT |
5.66 - 5.75 |
12.62 - 12.72 |
7.62 - 7.77 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
1/10/2013 |
1/3/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.27 + 2 1/2H |
6.99
option H |
|
Soybeans |
14.42 +12H |
13.93 +13 H |
Annual Comparison
|
|
December 2012 |
January 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.23 option H |
6.25 -6H |
|
Soybeans |
14.50 -8F |
11.82 -221/2 H |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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