Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Mon May 21, 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 soybeans 
and wheat higher and corn lower. Wheat futures were supported by weekly 
export inspection figures being above trade expectations totaling 24.9 
million bushels along with the USDA announcing the sale of 100,000 metric 
tonnes of US wheat to Iraq.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids mostly 6 cents lower at 6.44-6.55. Soybean bids traded mostly 4 to 8
cents higher at 13.85-13.98.
 
In Central Illinois country grain dealers quoted shelled corn bids were 3
to 6 cents lower at 6.51-6.71. Soybean bids were mostly 5 to 8 cents higher 
at 13.94-14.04.

In the Southern part of the state, shelled corn bids were 3 to 6 cents lower 
at 6.61-6.83. Soybean bids were 8 cents higher at 13.98-14.20. Wheat bids 
were 4 to 7 cents higher at 6.81-7.04. 

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    6.44 - 6.55   13.85 - 13.93    -----------       
WESTERN     6.49 - 6.55   13.89 - 13.98    -----------       
N. CENTRAL  6.51 - 6.62   13.94 - 14.00    -----------       
S. CENTRAL  6.62 - 6.71   13.97 - 14.04    -----------       
WABASH      6.67 - 6.73   13.98 - 14.05    6.81 - 6.89     
W.S. WEST   6.61 - 6.70   14.07 - 14.20    6.89 - 7.04     
L. EGYPT    6.71 - 6.83   14.00 - 14.17    6.83 - 6.88     

Central Illinois average price   Corn        6.61     (+28    N)
                                 Soybeans   13.99     (-13 1/2N)

                 CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***    
NORTHERN    4.99 - 5.10   12.60 - 12.69   -----------       
WESTERN     4.98 - 5.04   12.61 - 12.71                                                                                           
N. CENTRAL  5.03 - 5.10   12.67 - 12.81   -----------       
S. CENTRAL  5.04 - 5.15   12.70 - 12.83   -----------       
WABASH      5.13 - 5.21   12.73 - 12.82   6.81 - 6.89    
W.S. WEST   5.21 - 5.25   12.81 - 12.94   6.98 - 7.04     
L. EGYPT    5.19 - 5.22   12.72 - 12.81   6.84 - 6.94  
***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

1544cst jm/gw

. 

1. Are drones protected by the First Amendment?
2. U.S. dollar strength weighed heavily on commodities overnight
3. Natural gas prices averages $3.97 per MMBtu for June
4. House begins Farm Bill debate
5. Measuring consumer satisfaction for beef producers
6. Natural gas production declines in the GOM strong on the mainland

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. 3,000 pounds of copper wire stolen from Oklahoma ranch
3. Crude oil expected to peak and cost of electricity to go down
4. Changes in U.S.-Mexican cattle and beef trade
5. Peterson Brothers: What summer vacation?
6. 2100: 11 billion mouths to feed

1. COOL isn’t working
2. Feedyard margins a train wreck, packers cozy
3. Canadian CJD cases are “classical" form
4. Jolley: What is to become of beef?
5. Will Smith dethroned in latest Peterson Farm Bros. parody
6. New ads emphasize agriculture’s role in economic recovery