Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Thu Jan 17, 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 slightly lower on Thursday afternoon. 
Soybeans finished lower despite positive export news. There was an export sale
of US soybeans to an unknown destination of 240,000 tonnes. Weekly export sales
were also very good for soybeans at 1.788 million tonnes.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids were 5 to 6 cents lower at 7.10-7.30. Soybean bids were 7 to 10 cents 
lower at 14.19-14.34.
 
In Central Illinois country grain dealers quoted shelled corn bids were mostly
6 cents lower at 7.18-7.36. Soybean bids were 4 to 5 cents lower at 14.33-14.51.

In the Southern part of the state, shelled corn bids were 6 to 7 cents lower
at 7.09-7.49. Soybean bids were 7 to 9 cents lower at 14.47-14.68. Wheat bids 
were 5 to 7 cents lower at 7.73-7.86.

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    7.15 - 7.30   14.26 - 14.34    -----------       
WESTERN     7.10 - 7.15   14.19 - 14.24    -----------       
N. CENTRAL  7.18 - 7.35   14.33 - 14.51    -----------       
S. CENTRAL  7.21 - 7.36   14.36 - 14.47    -----------       
WABASH      7.35 - 7.45   14.47 - 14.52    7.76 - 7.86     
W.S. WEST   7.09 - 7.30   14.55 - 14.65    7.73 - 7.80    
L. EGYPT    7.37 - 7.49   14.62 - 14.68    7.77 - 7.81     

Central Illinois average price   Corn        7.27       (+  2 1/2  H)
                                 Soybeans   14.42       (+ 12      H)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.44 - 5.58   12.35 - 12.50   -----------    
WESTERN     5.41 - 5.52   12.36 - 12.46   -----------    
N. CENTRAL  5.51 - 5.67   12.45 - 12.55   -----------    
S. CENTRAL  5.46 - 5.68   12.45 - 12.60   -----------    
WABASH      5.52 - 5.67   12.50 - 12.55   7.63 - 7.65                       
W.S. WEST   5.48 - 5.56   12.50 - 12.60   7.59 - 7.65  
L. EGYPT    5.62 - 5.71   12.40 - 12.55   7.53 - 7.63 
***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

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