Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Mon Jan 7, 2013    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 soybean 
futures sharply higher.  Technical buying at the Board of Trade helped to lift 
soybean futures.  Many traders have their eyes on Friday's release of several 
major grain reports to be released by the USDA. 

In Northern and Western Illinois country grain dealers quoted shelled corn bids 
were mostly 5 cents higher at 6.66-7.00. Soybean bids were up 18 to 22 cents at 
13.65-14.05.
 
In Central Illinois country grain dealers quoted shelled corn bids were 
5 to 6 cents higher at 6.73-6.98. Soybean bids were 21 to 24 cents higher at
13.91-14.06. 

In the Southern part of the state, shelled corn bids were 4 to 6 cents stronger 
at 6.67-7.06. Soybean bids were 21 to 22 cents higher at 14.03-14.26. Wheat 
bids were 4 cents higher at 7.38-7.56.  

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    6.66 - 7.00   13.65 - 13.97    -----------       
WESTERN     6.71 - 6.79   13.99 - 14.05    -----------       
N. CENTRAL  6.78 - 6.91   13.91 - 14.06    -----------       
S. CENTRAL  6.83 - 6.98   13.91 - 14.04    -----------       
WABASH      6.90 - 7.03   14.03 - 14.12    7.38 - 7.56     
W.S. WEST   6.67 - 6.83   14.10 - 14.18    7.46 - 7.50    
L. EGYPT    6.96 - 7.06   14.08 - 14.26    7.40 - 7.51     

Central Illinois average price   Corn        6.85       (+ 1/2   H)
                                 Soybeans   13.98 1/2   (+ 10    H)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.29 - 5.47   12.30 - 12.49   -----------    
WESTERN     5.29 - 5.40   12.35 - 12.45   -----------    
N. CENTRAL  5.35 - 5.50   12.44 - 12.55   -----------    
S. CENTRAL  5.39 - 5.51   12.41 - 12.60   -----------    
WABASH      5.48 - 5.54   12.45 - 12.55   7.35 - 7.38                       
W.S. WEST   5.31 - 5.42   12.40 - 12.55   7.12 - 7.23  
L. EGYPT    5.55 - 5.59   12.45 - 12.55   7.26 - 7.36 
***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

1544cst jm/gw

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