Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Tue Feb 19, 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, with soybean 
values sharply higher and corn and wheat futures lower.  Lighter than expected 
rainfall for the South American soybean crop, plus the sale of US soybeans to 
China fueled today's rally.  The USDA announced that the US sold 120,000 tonnes 
of soybeans to China for the 2012-2013 crop year.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids were mostly 3 to 4 cents lower at 6.88-7.09. Soybean bids were 44 to 46 
cents higher at 14.50-14.60.
 
In Central Illinois country grain dealers quoted shelled corn bids were 2 to 
3 cents lower at 6.92-7.15. Soybean bids were up 44 to 46 cents at 14.72-14.85.

In the Southern part of the state, shelled corn bids were 4 cents lower 
at 6.90-7.20. Soybean bids were 44 to 46 cents higher at 14.74-14.97. Wheat bids 
were 7 to 10 cents lower at 7.27-7.50.

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    6.90 - 7.09   14.53 - 14.60    -----------       
WESTERN     6.88 - 7.00   14.50 - 14.57    -----------       
N. CENTRAL  6.92 - 7.04   14.72 - 14.85    -----------       
S. CENTRAL  7.04 - 7.15   14.75 - 14.84    -----------       
WABASH      7.06 - 7.20   14.82 - 14.90    7.27 - 7.40     
W.S. WEST   6.90 - 7.04   14.74 - 14.85    7.34 - 7.50    
L. EGYPT    7.10 - 7.20   14.89 - 14.97    7.37 - 7.47     

Central Illinois average price   Corn        7.03 1/2   (+ 8       H)
                                 Soybeans   14.78 1/2   (+ 8       H)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.23 - 5.37   12.33 - 12.43   -----------    
WESTERN     5.19 - 5.32   12.27 - 12.42   -----------    
N. CENTRAL  5.19 - 5.33   12.34 - 12.45   -----------    
S. CENTRAL  5.28 - 5.39   12.48 - 12.63   -----------    
WABASH      5.28 - 5.38   12.42 - 12.58   7.10 - 7.14                       
W.S. WEST   5.26 - 5.33   12.51 - 12.61   6.98 - 7.11  
L. EGYPT    5.33 - 5.43   12.48 - 12.58   7.00 - 7.10 
***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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