Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Wed Jan 30, 2013    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 
soybean futures sharply higher. Stronger soybean meal values, technical
buying at the Board of Trade and a dry extended weather forecast for the
South American soybean crop helped to boost soybean futures.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids were 10 cents higher at 7.28-7.47. Soybean bids were 13 to 16 cents
higher at 14.68-14.85.
 
In Central Illinois country grain dealers quoted shelled corn bids were 10
to 11 cents higher at 7.40-7.52. Soybean bids were 23 to 27 cents higher
at 14.82-14.99.

In the Southern part of the state, shelled corn bids were 10 cents higher
at 7.26-7.65. Soybean bids were 21 to 26 cents higher at 14.95-15.17. 
Wheat bids were 8 to 10 cents higher at 7.80-7.97.

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    7.36 - 7.47   14.73 - 14.84    -----------       
WESTERN     7.28 - 7.40   14.68 - 14.85    -----------       
N. CENTRAL  7.40 - 7.48   14.84 - 14.98    -----------       
S. CENTRAL  7.40 - 7.52   14.82 - 14.99    -----------       
WABASH      7.46 - 7.57   14.97 - 15.06    7.82 - 7.90     
W.S. WEST   7.26 - 7.44   14.95 - 15.17    7.83 - 7.90    
L. EGYPT    7.54 - 7.65   15.01 - 15.14    7.80 - 7.97     

Central Illinois average price   Corn        7.46       (+ 6       H)
                                 Soybeans   14.90 1/2   (+12       H)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.51 - 5.65   12.93 - 12.98   -----------    
WESTERN     5.53 - 5.68   12.88 - 13.00   -----------    
N. CENTRAL  5.55 - 5.68   12.92 - 13.03   -----------    
S. CENTRAL  5.56 - 5.69   13.00 - 13.09   -----------    
WABASH      5.63 - 5.73   13.00 - 13.03   7.68 - 7.82                       
W.S. WEST   5.55 - 5.65   13.03 - 13.18   7.55 - 7.64  
L. EGYPT    5.68 - 5.78   12.98 - 13.08   7.58 - 7.77 
***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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