Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Thu Feb 07 2013    USDA-IL Dept of Ag Market News

Illinois Grain Prices in Country Elevators

This is Thursday's report of the grain prices and trends prepared by the 
USDA and the Illinois Department of Agriculture.
  
Illinois country grain prices were lower on Thursday afternoon, with 
corn futures moderately to sharply lower. Speculative selling and slow
export demand weakened corn futures. Many traders were waiting for the
latest Supply and Demand report to be released on Friday.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids were mostly 10 to 12 cents lower at 6.98-7.08. Soybean bids were 
mixed at 14.73-14.86.
 
In Central Illinois country grain dealers quoted shelled corn bids were 
11 to 12 cents lower at 7.12-7.29. Soybean bids were steady to 1 cent
lower at 14.87-15.02.

In the Southern part of the state, shelled corn bids were 11 to 12 cents
lower at 7.06-7.36. Soybean bids were 1 to 5 cents lower at 14.91-15.13.
Wheat bids were 2 to 4 cents lower at 7.51-7.77.

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    6.98 - 7.06   14.73 - 14.79    -----------       
WESTERN     7.03 - 7.08   14.76 - 14.86    -----------       
N. CENTRAL  7.12 - 7.20   14.87 - 15.01    -----------       
S. CENTRAL  7.16 - 7.29   14.93 - 15.02    -----------       
WABASH      7.18 - 7.28   14.99 - 15.07    7.51 - 7.64     
W.S. WEST   7.06 - 7.19   14.91 - 15.04    7.62 - 7.77    
L. EGYPT    7.26 - 7.36   15.06 - 15.13    7.61 - 7.71     

Central Illinois average price   Corn        7.20 1/2   (+10       H)
                                 Soybeans   14.94 1/2   (+ 8       H)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.25 - 5.39   12.82 - 12.92   -----------    
WESTERN     5.26 - 5.39   12.75 - 12.92   -----------    
N. CENTRAL  5.27 - 5.42   12.83 - 12.94   -----------    
S. CENTRAL  5.31 - 5.47   12.93 - 13.01   -----------    
WABASH      5.40 - 5.57   12.90 - 13.04   7.32 - 7.35                       
W.S. WEST   5.25 - 5.40   13.00 - 13.09   7.30 - 7.33  
L. EGYPT    5.42 - 5.52   12.85 - 12.99   7.32 - 7.41 
***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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