Calendar | Logan County Extension Unit | Ag News Elsewhere [fresh daily from the Web]


Illinois grain prices in country elevators

Send a link to a friend

[May 18, 2013]  SPRINGFIELD -- This is Friday's report of the grain prices and trends, prepared by
the USDA and the Illinois Department of Agriculture.

(Copy)

Illinois country grain prices were mixed on Friday afternoon, with corn and soybeans higher and wheat slightly lower.

Technical trading at the Board of Trade supported today's higher corn and soybeans prices.

Soybean prices were also supported by the rise in the cost of soybean meal.

In Northern and Western Illinois country grain dealers quoted shelled corn bids were 4 to 12 cents higher at 6.79-7.00.

Soybean bids were 3 to 21 cents higher at 15.08-15.23.

In Central Illinois country grain dealers quoted shelled corn bids were 12 to 13 cents lower at 6.80-6.91.

Soybean bids were 17 to 20 cents higher at 15.32-15.49.

In the Southern part of the state, shelled corn bids were 11 to 10 cents lower at 6.62-6.98.

Soybean bids were 19 to 24 cents higher at 15.10-15.48.

Wheat bids were 5 to 10 cents lower at 6.63-6.86.

Illinois grains ended mixed this week at the Board of Trade, with soybeans ending higher and corn and wheat values lower.

This week strong cash markets continued to support corn and soybean values.

Basis levels remained strong and cash movement was slow.

Wheat futures received support from low crop condition ratings for the US crop from the USDA's Weekly Crop Progress report.

However, beneficial moisture for the Australian and Russian crops weakened
wheat values.

Corn prices were pushed lower by a drier extended weather forecast and planting progress.

The USDA still had the slowest corn planting pace for the US crop since 1984 in its report on Monday.

This week's Illinois Weather and Crops report, released by the Illinois Field office of the
National Ag Statistics Service, indicated corn planting progress was very slow again last week.

As of May the 12th, Illinois farmers had planted just 17% of their corn crop, compared to 64% for the five year average and the slowest since 1984.

The state's oat crop was 78% planted,
compared to 99% last year and 93% for the five year average.

The wheat crop in Illinois made some improvement from last week by placing 73% in the good to excellent category, with 23%
fair and only 4% in the very poor to poor range.


The trading in the cash grain market remained slow this week.

Many producers were distracted with corn planting duties and gave a little less attention to selling grain.

While river terminals and processors are still very competitive in buying grain, some weakness in the gulf basis might have given a small advantage to the processors at the end of the week.

The Central Illinois Soybean Processors cash bids gained 19 to 20 cents ranging from 15.39-15.62, with basis steady to 2 cents higher ranging from +112N to +135N.

At the Central Illinois Corn Processors cash bids were steady to 8 cents higher ranging from 6.89-6.96, with basis steady to 8 cents higher at +48N to +55N.

At the Illinois River terminals south of Peoria, cash corn bids ended steady ranging from 6.91-6.97, with basis 8 cents higher ranging from +50N to +55N.

Cash soybean bids were up 22 to 26 cents with bids ranging 15.32-15.39, with basis up
4 to 8 cents higher ranging from +105N to +112N.

[to top of second column]

New crop wheat bids for delivery in July
2013 were down 35 to 36 cents lower ranging from 6.78-6.81, with basis steady to 1 cent lower at -10N to -7N.

At the Illinois River terminals north of Peoria, cash corn bids were steady at 6.86-6.94, with basis 8 cents higher at +45N to +52 1/2 N.

Cash soybean bids gained 23 to 26 cents to 15.23-15.33, with basis 5 to 8 cents higher ranging from +96N to +106N.

New crop wheat bids for July 2013 delivery ended 31 to 35 cents lower to range from 6.78-6.88, with basis steady to 4 cents higher at -10N to option N. At the St. Louis terminals cash corn bids closed 3 cents higher ranging from 6.86-6.87, with soybeans up 24 cents ranging from 15.47-15.48.

Cash bids for Soft Red Winter wheat were 31 cents lower at 7.12-7.13 and cash sorghum bids were 6 cents lower at 6.52-6.53.

In northern and western Illinois, cash corn bids to producers at country elevators were down 3 to 4 cents at 6.68-6.86, with central Illinois locations 6 to 7 cents lower at 6.68-6.78 and in southern Illinois bids fell mostly 2 cents ranging from 6.51-6.87.

Cash soybean bids in northern and western locations were 16 to 26 cents higher at 14.95-15.05, with central Illinois bids
gained 24 to 25 cents at 15.15-15.29 and southern Illinois bids were up 24 to 30 cents at 15.10-15.24.

Cash wheat bids for Soft Red Winter wheat in southern Illinois locations ended 29 to 36 cents lower ranging from 6.68-6.96.

New crop wheat bids for June-July delivery in
southern Illinois were down 32 to 35 cents ranging from 6.58-6.85.

___

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

6.83 - 7.00 15.08 - 15.18  

WESTERN 

6.79 - 6.90 15.14 - 15.23  

N. CENT.

6.80 - 6.87 15.32 - 15.43  

S. CENTRAL

6.81 - 6.91 15.34 - 15.49  

WABASH 

6.81 - 6.98 15.29 - 15.41  6.63 - 6.70

W.S. WEST

6.62 - 6.71 15.32 - 15.45 6.83 - 6.84

L. EGYPT

6.88 - 6.98 15.34 - 15.48 6.73 - 6.86

Central Illinois average price

Corn:  6.85 1/2 (+32 1/2 N)
Soybeans:
15.40 1/2 (+92 N)


CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

AREA 

US 2

CORN

US 1

SOYBEANS

 ***US 2

SOFT

WHEAT 

NORTHERN

4.85 - 5.00 11.91 - 12.08  

WESTERN 

4.82 - 4.91 11.90 - 12.09  

N. CENT.

4.82 - 4.93 11.87 - 12.00  

S. CENTRAL

4.85 - 5.03 11.99 - 12.13  

WABASH 

4.92 - 5.10 11.98 - 12.16  6.53 - 6.63

W.S. WEST

 4.89 - 4.98 12.05 - 12.14 6.63 - 6.81

L. EGYPT

4.97 - 5.04 11.96 - 12.16  6.63 - 6.71

***June/July 2013 delivery
 

Cent. Ill. Average Price at Country Elevators

Week of

5/16/2013

5/9/2013

  Price--Basis Price--Basis

Corn

6.73 +31 1/2N

6.79 1/2 +31N

Soybeans

15.22 +94 1/2N 

14.97 1/2 +89N

Annual Comparison

 

April 2013

May 2012

  Price--Basis Price--Basis

Corn

6.57 + 8K

6.27 +26K

Soybeans

14.30 +20 1/2K 

14.04 -14K

[Text copied from USDA-IL Dept of Ag Market News, Springfield]

< Recent articles

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor