Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Tue Jan 22, 2013    USDA-IL Dept of Ag Market News

Illinois Grain Prices in Country Elevators

This is Tuesday's report of the grain prices and trends prepared by the 
USDA and the Illinois Department of Agriculture.
  
Illinois country grain prices were mixed on Tuesday afternoon. Export news
helped to lift soybean values, as weekly export inspection figures were 
higher than expected at 48.1 million bushels. Also helping to support 
stronger soybeans prices was the announcement of the sale of 120,000 
tonnes of US soybeans to China. Lower than expected wheat export figures 
weighed on wheat prices. 

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids were steady to 1 cent higher at 7.12-7.35. Soybean bids were 22 to 23 
cents higher at 14.41-14.61.
 
In Central Illinois country grain dealers quoted shelled corn bids were 
steady to 1 cent higher at 7.22-7.39. Soybean bids were 22 cents higher
at 14.54-14.67.

In the Southern part of the state, shelled corn bids were 1 cent stronger
at 7.13-7.53. Soybean bids were 20 to 26 cents higher at 14.72-14.87. 
Wheat bids were 12 cents lower at 7.68-7.89.

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    7.20 - 7.35   14.49 - 14.61    -----------       
WESTERN     7.12 - 7.19   14.41 - 14.61    -----------       
N. CENTRAL  7.22 - 7.35   14.54 - 14.67    -----------       
S. CENTRAL  7.26 - 7.39   14.58 - 14.67    -----------       
WABASH      7.35 - 7.44   14.72 - 14.81    7.74 - 7.84     
W.S. WEST   7.13 - 7.35   14.73 - 14.84    7.71 - 7.78    
L. EGYPT    7.41 - 7.53   14.74 - 14.87    7.68 - 7.89     

Central Illinois average price   Corn        7.33       (+ 4 1/2   H)
                                 Soybeans   14.60 1/2   (+ 9       H)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.48 - 5.62   12.65 - 12.78   -----------    
WESTERN     5.45 - 5.50   12.58 - 12.75   -----------    
N. CENTRAL  5.51 - 5.65   12.72 - 12.82   -----------    
S. CENTRAL  5.53 - 5.68   12.77 - 12.88   -----------    
WABASH      5.55 - 5.70   12.75 - 12.83   7.61 - 7.75                       
W.S. WEST   5.45 - 5.61   12.73 - 12.87   7.62 - 7.63  
L. EGYPT    5.65 - 5.74   12.83 - 12.93   7.50 - 7.61 
***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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