Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Mon Feb 04, 2013    USDA-IL Dept of Ag Market News

Illinois Grain Prices in Country Elevators

This is Monday'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 Monday afternoon, with 
soybeans higher and corn and wheat lower. Soybean futures were given a
boost from an export sale of US soybeans to Chinca and good export
inspection numbers. Soybean inspections were higher than expected at 53.9
million bushels.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids were 2 to 3 cents lower at 7.22-7.39. Soybean bids were 14 cents 
higher at 14.62-14.81.
 
In Central Illinois country grain dealers quoted shelled corn bids were 
mixed at 7.33-7.52. Soybean bids were 11 to 14 cents higher at 
14.95-15.04.

In the Southern part of the state, shelled corn bids were steady to 2
cents lower at 7.25-7.59. Soybean bids were mostly 12 to 16 cents higher
at 14.95-15.17. Wheat bids were 2 cents lower at 7.58-7.78.

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    7.22 - 7.39   14.63 - 14.80    -----------       
WESTERN     7.23 - 7.31   14.62 - 14.81    -----------       
N. CENTRAL  7.33 - 7.43   14.95 - 15.03    -----------       
S. CENTRAL  7.37 - 7.52   14.95 - 15.04    -----------       
WABASH      7.41 - 7.51   15.04 - 15.09    7.58 - 7.71     
W.S. WEST   7.25 - 7.46   14.95 - 15.04    7.59 - 7.68    
L. EGYPT    7.58 - 7.59   15.08 - 15.17    7.68 - 7.78     

Central Illinois average price   Corn        7.42 1/2   (+ 8       H)
                                 Soybeans   14.99 1/2   (+11       H)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.51 - 5.66   13.02 - 13.12   -----------    
WESTERN     5.54 - 5.68   12.96 - 13.12   -----------    
N. CENTRAL  5.56 - 5.69   13.03 - 13.14   -----------    
S. CENTRAL  5.57 - 5.70   13.09 - 13.21   -----------    
WABASH      5.64 - 5.74   13.11 - 13.19   7.44 - 7.58                       
W.S. WEST   5.52 - 5.64   13.15 - 13.29   7.26 - 7.40  
L. EGYPT    5.78 - 5.88   13.04 - 13.19   7.44 - 7.45 
***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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