Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Mon Apr 9, 2012    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
wheat higher and corn and soybeans lower. Many traders evened positions
as Tuesday morning the USDA will release an updated Supply Demand 
forecast and new estimates for the South American corn and soybean 
crops. Last week, Illinois farmers took advantage of the dry spring 
conditions and planted corn. According to the Illinois Weather and Crop
update, Illinois farmers now have 17% of the Illinois corn crop 
planted, compared to 5% last week.

In Northern and Western Illinois country grain dealers quoted shelled 
corn bids 9 cents lower at 6.29-6.39. Soybean bids traded steady to 3
cents lower at 14.01-14.20.
 
In Central Illinois country grain dealers quoted shelled corn bids 
were 7 to 9 cents lower at 6.42-6.59. Soybean bids were 3 to 4 cents 
lower at 14.07-14.20.

In the Southern part of the state, shelled corn bids were 7 to 9 cents 
lower at 6.45-6.71. Soybean bids were 2 to 3 cents lower at 
14.17-14.32. Wheat bids were 3 to 4 cents higher at 6.20-6.43. 

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    6.29 - 6.36   14.01 - 14.10    -----------       
WESTERN     6.34 - 6.39   14.07 - 14.20    -----------       
N. CENTRAL  6.42 - 6.47   14.07 - 14.17    -----------       
S. CENTRAL  6.49 - 6.59   14.14 - 14.20    -----------       
WABASH      6.60 - 6.65   14.17 - 14.21    6.20 - 6.33     
W.S. WEST   6.45 - 6.52   14.18 - 14.32    6.29 - 6.41     
L. EGYPT    6.63 - 6.71   14.19 - 14.31    6.31 - 6.43     

Central Illinois average price   Corn        6.50 1/2 (+ 1 1/2 K)
                                 Soybeans   14.13 1/2 (-17 1/2 K)

                 CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***    
NORTHERN    5.07 - 5.14   13.31 - 13.44   -----------       
WESTERN     5.06 - 5.15   13.34 - 13.47   -----------       
N. CENTRAL  5.12 - 5.21   13.42 - 13.52   -----------       
S. CENTRAL  5.14 - 5.24   13.42 - 13.52   -----------       
WABASH      5.20 - 5.30   13.47 - 13.52   6.20 - 6.27    
W.S. WEST   5.22 - 5.25   13.43 - 13.55   6.32 - 6.43     
L. EGYPT    5.30 - 5.31   13.47 - 13.52   6.19 - 6.34  
***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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