Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Mon Apr 23, 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 corn and
wheat higher and soybeans lower. Export interest and export sales supported
corn futures. Today the USDA announced the sale of 120,000 tonnes of US 
corn to an unknown destination. The USDA's Weekly Crop Progress reported 
Illinois farmers have now completed 59% of the states corn planting, 
compared to 41% last week and 10% last year.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids 7 to 10 cents higher at 6.06-6.17. Soybean bids traded 9 to 10 cents 
lower at 14.12-14.20.
 
In Central Illinois country grain dealers quoted shelled corn bids were 10
to 11 cents higher at 6.16-6.32. Soybean bids were 8 to 10 cents lower at 
14.13-14.26.

In the Southern part of the state, shelled corn bids were 10 cents higher
at 6.24-6.45. Soybean bids were 8 to 10 cents lower at 14.23-14.45. Wheat 
bids were 7 to 10 cents higher at 6.10-6.25. 

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    6.06 - 6.12   14.12 - 14.17    -----------       
WESTERN     6.09 - 6.17   14.13 - 14.20    -----------       
N. CENTRAL  6.16 - 6.22   14.13 - 14.22    -----------       
S. CENTRAL  6.29 - 6.32   14.14 - 14.26    -----------       
WABASH      6.29 - 6.39   14.23 - 14.29    6.10 - 6.15     
W.S. WEST   6.24 - 6.29   14.28 - 14.41    6.14 - 6.22     
L. EGYPT    6.36 - 6.45   14.27 - 14.45    6.10 - 6.25     

Central Illinois average price   Corn        6.24     (+ 1 1/2K)
                                 Soybeans   14.19 1/2 (-17 1/2K)

                 CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***    
NORTHERN    5.15 - 5.21   12.94 - 13.04   -----------       
WESTERN     5.00 - 5.09   12.94 - 13.07   -----------       
N. CENTRAL  5.08 - 5.17   13.02 - 13.11   -----------       
S. CENTRAL  5.10 - 5.23   12.97 - 13.11   -----------       
WABASH      5.16 - 5.26   13.07 - 13.12   6.08 - 6.18    
W.S. WEST   5.14 - 5.28   13.06 - 13.20   6.26 - 6.38     
L. EGYPT    5.25 - 5.27   12.99 - 13.12   6.08 - 6.24  
***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

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