Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Mon   Aug 20, 2012    USDA-IL Dept of Ag Market News

Illinois Grain Prices in Country Elevators

This is Monday'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 Monday afternoon, with
soybeans and corn sharply higher. Both corn and soybean futures were
supported by fund and technical buying at the Board of Trade. Corn also
received a boost from the sale of 121,000 tonnes of US corn to Mexico.

In Northern and Western Illinois country grain dealers quoted shelled 
corn bids 13 to 16 cents higher at 8.03-8.25. Soybean bids were 38 to 
41 cents higher at 17.10-17.25. 
 
In Central Illinois country grain dealers quoted shelled corn bids were 
16 to 17 cents higher at 8.15-8.44. Soybean bids were 36 to 38 cents 
higher at 17.24-17.47. 

In the Southern part of the state, shelled corn bids were 8 to 17 cents
higher at 8.22-8.53. Soybean bids were up 24 to 38 cents at 17.09-17.35.
Wheat bids were mixed at 8.43-8.71.

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    8.03 - 8.25   17.12 - 17.18    -----------       
WESTERN     8.10 - 8.22   17.10 - 17.25    -----------       
N. CENTRAL  8.15 - 8.31   17.24 - 17.30    -----------       
S. CENTRAL  8.35 - 8.44   17.36 - 17.47    -----------       
WABASH      8.39 - 8.47   17.09 - 17.24    8.53 - 8.62     
W.S. WEST   8.22 - 8.32   17.31 - 17.35    8.43 - 8.60    
L. EGYPT    8.41 - 8.53   17.19 - 17.29    8.59 - 8.71     

Central Illinois average price   Corn        8.29 1/2 (+14     U)
                                 Soybeans   17.35 1/2 (+52     X)

                 CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***      
NORTHERN    7.99 - 8.19   16.50 - 16.66   -----------       
WESTERN     7.89 - 8.02   16.58 - 16.68   -----------       
N. CENTRAL  8.08 - 8.21   16.57 - 16.69   -----------       
S. CENTRAL  8.20 - 8.35   16.68 - 16.79   -----------       
WABASH      8.24 - 8.36   16.57 - 16.63   8.12 - 8.22    
W.S. WEST   8.05 - 8.07   16.75 - 16.87   7.94 - 8.04     
L. EGYPT    8.44 - 8.49   16.79 - 16.85   8.12 - 8.24 
***June/July 2013 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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