Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Wed Mar 06, 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 sharply lower on Wednesday afternoon. Corn
futures fell weakened by technical selling at the Board of Trade. Wheat fell
pressured by poor export demand and export interest.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids were 20 cents lower at 6.98-7.21. Soybean bids were mixed at 14.66-14.74.

In Central Illinois country grain dealers quoted shelled corn bids were 20 to 
22 cents lower at 7.01-7.12. Soybean bids were mostly steady at 14.78-14.89.

In the Southern part of the state, shelled corn bids were 19 cents lower at 
6.88-7.25. Soybean bids were mixed at 14.81-15.06. Wheat bids were 22 cents 
lower at 6.76-6.94.

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    7.08 - 7.21   14.66 - 14.74    -----------       
WESTERN     6.98 - 7.03   14.67 - 14.73    -----------       
N. CENTRAL  7.03 - 7.11   14.80 - 14.89    -----------       
S. CENTRAL  7.01 - 7.12   14.78 - 14.87    -----------       
WABASH      7.12 - 7.21   14.90 - 14.99    6.76 - 6.93     
W.S. WEST   6.88 - 7.08   14.81 - 14.99    6.76 - 6.94    
L. EGYPT    7.16 - 7.25   14.96 - 15.06    6.83 - 6.94     

Central Illinois average price   Corn        7.06 1/2   (+18     K)
                                 Soybeans   14.83 1/2   (+17 1/2 K)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN           SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.20 - 5.29   12.40 - 12.50   -----------    
WESTERN     5.06 - 5.18   12.39 - 12.50   -----------    
N. CENTRAL  5.09 - 5.19   12.39 - 12.48   -----------    
S. CENTRAL  5.10 - 5.24   12.44 - 12.59   -----------    
WABASH      5.15 - 5.29   12.49 - 12.54   6.51 - 6.60                       
W.S. WEST   5.07 - 5.23   12.52 - 12.63   6.53 - 6.73  
L. EGYPT    5.19 - 5.29   12.49 - 12.62   6.57 - 6.63 
***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

1544cst jm/gw




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