|
 (Copy)
Illinois country grain prices were
mixed on Friday afternoon, with soybeans and wheat higher and
corn slightly lower.
Solid weekly export sales figures
supported higher soybean and wheat values.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were 3 cents lower at 7.09-7.28.
Soybean bids were 2 to 3 cents
higher at 14.26-14.50.
In Central Illinois country grain dealers quoted shelled corn
bids were 3 cents lower at 7.18-7.32.
Soybean bids were 6 to 9 cents
higher at 14.46-14.60.
In the Southern part of the state, shelled corn bids were 3 to 4
cents lower at 7.09-7.45.
Soybean bids were 6 to 10 cents
higher at 14.61-14.83.
Wheat bids were 6 to 7 cents
higher at 7.69-7.85.
Illinois grains ended mixed for the week, with soybeans higher,
corn nearly steady and wheat lower.
The export market and export
interest helped soybean futures to move higher this week.
Export inspection figures of 48 million and several
announcements this week of export sales to China and unknown
destinations supported prices.
Cash soybean basis levels remain
strong at both soybean processors and grain export terminals.
Traders have also been keeping an
eye on the weather conditions for the South American soybean
crop.
Conditions have been dry in many
cases, with the market reacting to every chance of rain.
The trading in the cash grain market was slow to moderate.
Last week's increase prices left
many producers looking for better prices to make additional cash
sales of both corn and soybeans.
Basis levels remain firm at all
grain terminals and processors.
Although I usually don't make note
of new crop bids and basis in this report, they did get my
attention this week.
New crop corn and soybean basis
made a noticeable improvement this week at the river terminals.
New crop corn basis was steady to
as much as 4 cent stronger, while the new crop soybean basis was
mostly 8 to 11 cents higher for the week.
New crop corn basis along the
Illinois River ended the week ranging from -28Z to -22Z, with
the new crop soybean basis ranging from -20X to option X, but
-10X to option in many cases.
The Central Illinois Soybean
Processors cash bids were steady to 3 cents higher ranging from
14.65-14.75, with basis 2 to 5 cents lower at +30H to +40H.
The Central Illinois Corn
Processors cash bids were unchanged ranging from 7.29-7.48, with
basis steady ranging from +5H to +24H.
At the Illinois River terminals
south of Peoria, cash corn bids ended 1 to 2 cents lower ranging
from 7.24-7.26, with basis 1 to 2 cents lower at option H to
+2H.
Cash soybean bids gained 8 to 9
cents to 14.73-14.82, with basis up 3 to 4 cents ranging from
+38H to +47H.
New crop wheat bids for delivery
in July 2013 ended 1 to 3 cents higher ranging from 7.57-7.71,
with basis up 14 to 16 cents at -25N to -11N.
At the Illinois River terminals
north of Peoria, cash corn bids were steady to 5 cents stronger
to 7.21-7.29, with basis steady to 5 cents higher at -3H to +5H.
[to top of second column] |
Cash soybean bids were up 5 to 12
cents at 14.72-14.75, with basis steady to 6 cents higher
ranging from +361/2 H to +40H.
New crop wheat bids for July 2013
delivery fell 10 to 11 cents to range from 7.57-7.65, with basis
up 2 to 3 cents at -25N to -17N.
At the St. Louis terminals cash
corn bids were steady to 2 cents higher at 7.24-7.29, with
soybeans gaining 2 to 9 cents ranging from 14.89-14.92.
Cash bids for Soft Red Winter
wheat fell 11cents to 7.84-7.85 and cash sorghum bids were down
1cent to range from 7.08-7.09.
In northern and western Illinois, cash corn bids to producers at
country elevators gained 1 to 2
cents at 7.12-7.31, with central Illinois locations mixed at
7.21-7.35 and in southern Illinois bids were steady to 3 cents
higher ranging from 7.12-7.49.
Cash soybean bids in northern and
western locations were up 5 to 13 cents at 14.24-14.47 with
central Illinois bids steady to 7 cents higher at 14.40-14.51
and southern Illinois bids were 5 to 8 higher 14.55-14.73.
Cash wheat bids for Soft Red
Winter wheat in southern Illinois locations declined 7 to 11
cents to 7.62-7.79.
New crop wheat bids for June-July
delivery in southern Illinois mostly 13 cents weaker to range
from 7.40-7.64.
_____
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 |
7.12 - 7.28 |
14.36 - 14.50 |
|
|
WESTERN |
7.09 - 7.14 |
14.26 - 14.50 |
|
|
N. CENT. |
7.21 - 7.26 |
14.46 - 14.56 |
|
|
S. CENTRAL |
7.18 - 7.32 |
14.47 - 14.60 |
|
|
WABASH |
7.27 - 7.38 |
14.61 - 14.71 |
7.72 - 7.85 |
|
W.S. WEST |
7.09 - 7.19 |
14.70 - 14.83 |
7.72 - 7.79 |
|
L. EGYPT |
7.35 - 7.45 |
14.63 - 14.76 |
7.69 - 7.82 |
Central Illinois average price
Corn: 7.25 (+ 4 H)
Soybeans:
14.53 (+12 H)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.42 - 5.53 |
12.60 - 12.68 |
|
|
WESTERN |
5.39 - 5.54 |
12.48 - 12.63 |
|
|
N. CENT. |
5.46 - 5.59 |
12.62 - 12.73 |
|
|
S. CENTRAL |
5.48 - 5.62 |
12.68 - 12.78 |
|
|
WABASH |
5.49 - 5.64 |
12.65 - 12.73 |
7.57 - 7.71 |
|
W.S. WEST |
5.45 - 5.55 |
12.73 - 12.85 |
7.52 - 7.54 |
|
L. EGYPT |
5.59 - 5.69 |
12.68 - 12.83 |
7.46 - 7.66 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
1/24/2013 |
1/17/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.28 + 4H |
7.27 + 2 1/2H |
|
Soybeans |
14.45 1/2 +10H |
14.42 +12H |
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]
 |
