Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Tue Apr 3, 2012    USDA-IL Dept of Ag Market News

Illinois Grain Prices in Country Elevators

This is Tuesday'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 Tuesday afternoon. Fund
and speculative selling at the Board of Trade pushed soybean futures
lower. In the cash markets trading has been moderate. Cash basis for
both corn and soybeans improved at many Illinois River terminals, 
with improvements of 1 to 4 cents noted.

In Northern and Western Illinois country grain dealers quoted shelled 
corn bids 3 cents higher at 6.38-6.48. Soybean bids traded 2 to 4 
cents lower at 13.89-14.04.
 
In Central Illinois country grain dealers quoted shelled corn bids 
were 2 cents higher at 6.49-6.65. Soybean bids were 1 to 3 cents lower 
at 13.93-14.05.

In the Southern part of the state, shelled corn bids were 3 to 4 cents 
higher at 6.54-6.76. Soybean bids were 3 to 4 cents lower at 
14.00-14.17. Wheat bids were mostly 1 to 3 cents higher at 6.40-6.58. 

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    6.38 - 6.48   13.89 - 13.95    -----------       
WESTERN     6.40 - 6.48   13.96 - 14.04    -----------       
N. CENTRAL  6.49 - 6.55   13.93 - 14.04    -----------       
S. CENTRAL  6.57 - 6.65   13.96 - 14.05    -----------       
WABASH      6.65 - 6.74   14.01 - 14.09    6.40 - 6.46     
W.S. WEST   6.54 - 6.63   14.07 - 14.17    6.45 - 6.55     
L. EGYPT    6.63 - 6.76   14.00 - 14.14    6.45 - 6.58     

Central Illinois average price   Corn        6.57     (- 1     K)
                                 Soybeans   13.99     (-18     K)

                 CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***    
NORTHERN    5.02 - 5.10   13.28 - 13.42   -----------       
WESTERN     5.01 - 5.10   13.31 - 13.42   -----------       
N. CENTRAL  5.06 - 5.16   13.39 - 13.50   -----------       
S. CENTRAL  5.11 - 5.23   13.36 - 13.49   -----------       
WABASH      5.16 - 5.26   13.41 - 13.49   6.40 - 6.59    
W.S. WEST   5.14 - 5.25   13.42 - 13.54   6.52 - 6.63     
L. EGYPT    5.26 - 5.27   13.35 - 13.49   6.39 - 6.49  
***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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