Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Wed May 16, 2012    USDA-IL Dept of Ag Market News

Illinois Grain Prices in Country Elevators

This is Wednesday's report of the grain prices and trends prepared by the USDA 
and the Illinois Department of Agriculture.
  
Illinois country grain prices were higher on Wednesday afternoon, with corn 
and wheat sharply higher. Technical and fund buying at the Board of Trade
helped to lift corn and wheat values. Confirmation by private exporters of the 
sale of 900,000 tonnes of US corn to China supported stronger corn futures.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids 23 to 25 cents higher at 6.33-6.43. Soybean bids traded 9 to 10 cents 
higher at 13.92-14.04.
 
In Central Illinois country grain dealers quoted shelled corn bids were 23
to 26 cents higher at 6.38-6.58. Soybean bids were mostly 7 to 9 cents higher 
at 13.98-14.12.

In the Southern part of the state, shelled corn bids were mostly 23 to 26 
cents higher at 6.50-6.67. Soybean bids were mostly 9 cents higher at 
14.10-14.26. Wheat bids were 28 to 31 cents higher at 6.20-6.38. 

Commercial grain prices paid farmers by Interior Illinois Country 
Elevators after 2.00 p.m. today are listed below in dollars per bushel:

AREA         US 2 CORN    US 1 SOYBEANS   US 2 SOFT WHEAT  
NORTHERN    6.34 - 6.42   13.92 - 13.98    -----------       
WESTERN     6.33 - 6.43   13.96 - 14.04    -----------       
N. CENTRAL  6.38 - 6.50   13.98 - 14.09    -----------       
S. CENTRAL  6.48 - 6.58   14.02 - 14.12    -----------       
WABASH      6.53 - 6.62   14.10 - 14.17    6.20 - 6.29     
W.S. WEST   6.50 - 6.57   14.17 - 14.18    6.27 - 6.38     
L. EGYPT    6.55 - 6.67   14.12 - 14.26    6.27 - 6.37     

Central Illinois average price   Corn        6.48     (+28    N)
                                 Soybeans   14.05     (-17    N)

                 CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***    
NORTHERN    4.83 - 4.96   12.56 - 12.67   -----------       
WESTERN     4.81 - 4.91   12.64 - 12.66                                                                                           
N. CENTRAL  4.89 - 4.98   12.64 - 12.66   -----------       
S. CENTRAL  4.90 - 5.04   12.61 - 12.77   -----------       
WABASH      4.98 - 5.06   12.70 - 12.77   6.18 - 6.29    
W.S. WEST   5.07 - 5.10   12.80 - 12.90   6.40 - 6.43     
L. EGYPT    5.00 - 5.07   12.68 - 12.77   6.27 - 6.37  
***June/July 2012 Delivery

Source: USDA-IL Dept of Ag Market News, Springfield, IL
        Phone:  217-782-4925   In state only toll free 888-458-4787
        www.ams.usda.gov/mnreports/GX_GR113.txt

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