Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Thu May 10, 2012    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 mixed on Thursday afternoon, with soybeans
and wheat higher and corn lower. Traders reacted to the updated Supply Demand 
figures from the USDA and weekly export sales numbers. The USDA lowered the 
2011-2012 soybean carryout to 210 million bushels, while the Supply Demand
report increased the carryout for corn to 851 million bushels. Weekly export
sales figures for soybeans were over trade expectations at 1.82 million tonnes.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids 14 to 24 cents lower at 5.97-6.10. Soybean bids traded 18 to 25 cents 
higher at 14.14-14.33.
 
In Central Illinois country grain dealers quoted shelled corn bids were 
20 cents lower at 6.06-6.26. Soybean bids were 24 to 27 cents higher at 
14.31-14.43.

In the Southern part of the state, shelled corn bids were 19 to 20 cents 
lower at 6.11-6.34. Soybean bids were 25 to 27 cents higher at 14.39-14.58. 
Wheat bids were steady to 1 cent higher at 5.76-5.98. 

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    5.97 - 6.09   14.14 - 14.25    -----------       
WESTERN     6.02 - 6.10   14.25 - 14.33    -----------       
N. CENTRAL  6.06 - 6.17   14.31 - 14.41    -----------       
S. CENTRAL  6.19 - 6.26   14.32 - 14.43    -----------       
WABASH      6.17 - 6.24   14.39 - 14.50    5.76 - 5.86     
W.S. WEST   6.11 - 6.18   14.39 - 14.50    5.94 - 5.98     
L. EGYPT    6.20 - 6.34   14.45 - 14.58    5.84 - 5.93     

Central Illinois average price   Corn        6.16     (+28 1/2N)
                                 Soybeans   14.37     (-18    N)

                 CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***    
NORTHERN    4.64 - 4.79   13.14 - 13.24   -----------       
WESTERN     4.63 - 4.71   13.14 - 13.24                                                                                           
N. CENTRAL  4.70 - 4.78   13.18 - 13.34   -----------       
S. CENTRAL  4.70 - 4.85   13.18 - 13.29   -----------       
WABASH      4.77 - 4.89   13.24 - 13.31   5.76 - 5.88    
W.S. WEST   4.83 - 4.89   13.37 - 13.47   5.99 - 6.03     
L. EGYPT    4.83 - 4.88   13.24 - 13.29   5.86 - 5.93  
***June/July 2012 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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