To-Arrive Truck & Rail Bids - Grain Delivered To Chicago IL

GX_GR110
Springfield, IL    Thu, May 03, 2012    USDA-IL Dept of Ag Market News

Chicago Terminal Grain Report

To Arrive Truck and Rail Bids for Grain Delivered to Chicago.  The
following quotations represent Bids ($/ bu) from Terminal Elevators,
Processors, Mills, and Merchandisers after 1:30 p.m. today.

Grain          Bids        Delivery        Change           Basis       Change

SRW Wheat  5.9750-6.0750   30 Days          UP 1         -18N to -8N     UNCH

Soybeans  14.6150-14.6950    Spot          DN 11.5       -12N to -4N     UNCH
Soybeans  14.6150-14.6950 15-30 Days       DN 11.5       -12N to -4N     UNCH

Terminal Elevator Bids
Corn       6.1450-6.1550     Spot           UP 3         OptN to 1N      UNCH
Corn       6.1450-6.1550  15-30 Days        UP 3         OptN to 1N      UNCH

Processor Bids
Corn       6.4850-6.5650     Spot         UP 7-UP 5      34N to 42N   UP 4-UP 2
Corn       6.4850-6.5250  15-30 Days      UP 7-UP 6      34N to 38N   UP 4-UP 3

Changes are cents per bushel.  Spot = up to 15 days
Soybeans = US 1 Yellow; Corn = US 2 Yellow

Chicago Board of Trade month symbols: F January, G February, H March, J April,
K May, M June, N July, Q August, U September, V October, X November, Z December
---------------------------------------------------------------------------------
Monthly Prices for: April 2012

SRW Wheat                      6.2400
Processor Corn (Spot)          6.5100
Terminal Corn (Spot)           6.2100
Soybeans (Spot)               14.3700

Source: USDA-IL Dept of Ag Market News Service, Springfield, IL
        Kent McFarland  217-782-4925  SpringField.LGMN@ams.usda.gov
        In state only toll free 888-458-4787
        www.ams.usda.gov/mnreports/gx_gr110.txt
        www.ams.usda.gov/LSMarketNews

1432C     KM

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. U.S. 2012/13 corn export prospects cut as global trade boosted
3. Feed grain supply prospects lowered on delayed plantings
4. Corn conditions a tad better than last year
5. Brent crude oil dips before U.S. Fed meeting
6. Grain markets proved mixed on Monday

1. Cattle crush Calif. dairy worker
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Will Smith dethroned in latest Peterson Farm Bros. parody
5. WASDE: Corn price outlook lowered
6. Bush criticizes Farm Bill

1. Commentary: On the meaning of ‘natural’
2. Commentary: Clueless consumers
3. Commentary: Why should we care about the farm bill?