Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Wed Feb 27, 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 mixed on Wednesday afternoon, with corn
and soybeans higher and wheat slightly lower. Soybean futures did get a boost 
from two reported export sales. One sale was for 120,000 tonnes of new crop 
soybeans to China, another was 120,000 tonnes of old crop soybeans to an unknown
destination.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids were steady to 1 cent higher at 6.95-7.12. Soybean bids were 7 to 8 cents 
lower at 14.39-14.50.
 
In Central Illinois country grain dealers quoted shelled corn bids were steady
to 2 cents higher at 7.07-7.20. Soybean bids were up 4 to 7 cents at 14.55-
14.65.

In the Southern part of the state, shelled corn bids were mixed at 6.93-7.36. 
Soybean bids were 7 to 10 cents higher at 14.58-14.81. Wheat bids were 1 to 3 
cents higher at 6.99-7.19.

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    6.99 - 7.10   14.40 - 14.47    -----------       
WESTERN     6.95 - 7.12   14.39 - 14.50    -----------       
N. CENTRAL  7.07 - 7.16   14.55 - 14.64    -----------       
S. CENTRAL  7.09 - 7.20   14.60 - 14.65    -----------       
WABASH      7.22 - 7.30   14.70 - 14.77    6.99 - 7.12     
W.S. WEST   6.93 - 7.20   14.58 - 14.71    7.09 - 7.19    
L. EGYPT    7.25 - 7.36   14.71 - 14.81    7.08 - 7.14     

Central Illinois average price   Corn        7.13 1/2   (+ 4       H)
                                 Soybeans   14.60       (+ 2 1/2   H)

                 CONTRACT BIDS FOR NEW CROP 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT*** 
NORTHERN    5.24 - 5.36   12.18 - 12.28   -----------    
WESTERN     5.15 - 5.28   12.13 - 12.25   -----------    
N. CENTRAL  5.18 - 5.28   12.15 - 12.28   -----------    
S. CENTRAL  5.20 - 5.36   12.21 - 12.34   -----------    
WABASH      5.26 - 5.33   12.27 - 12.32   6.83 - 6.97                       
W.S. WEST   5.17 - 5.31   12.30 - 12.42   6.94 - 6.95  
L. EGYPT    5.29 - 5.39   12.27 - 12.39   6.83 - 6.92 
***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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