Grain Prices @ Illinois Interior Country Elevators

GX_GR113
Springfield, IL    Mon May 7, 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. Technical 
selling at the Board of Trade pressured soybean values. Additional pressure 
was put on by weekly export inspections below trade expectations.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids steady to 3 cents higher at 6.33-6.45. Soybean bids traded 12 to 15 
cents lower at 14.35-14.50.
 
In Central Illinois country grain dealers quoted shelled corn bids were 
8 cents higher at 6.34-6.59. Soybean bids were 12 to 13 cents lower at 
14.42-14.55.

In the Southern part of the state, shelled corn bids were steady to 4 
cents higher at 6.45-6.62. Soybean bids were 8 to 13 cents lower at 
14.52-14.68. Wheat bids were 1 to 5 cents higher at 5.87-6.09. 

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    6.33 - 6.45   14.35 - 14.41    -----------       
WESTERN     6.38 - 6.45   14.39 - 14.50    -----------       
N. CENTRAL  6.34 - 6.48   14.42 - 14.52    -----------       
S. CENTRAL  6.48 - 6.59   14.43 - 14.55    -----------       
WABASH      6.45 - 6.54   14.52 - 14.60    5.87 - 5.97     
W.S. WEST   6.50 - 6.58   14.56 - 14.68    6.01 - 6.09     
L. EGYPT    6.46 - 6.62   14.53 - 14.66    5.92 - 6.04     

Central Illinois average price   Corn        6.46 1/2 (+26 1/2N)
                                 Soybeans   14.48 1/2 (-17 1/2N)

                 CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***    
NORTHERN    4.82 - 4.96   13.09 - 13.19   -----------       
WESTERN     4.80 - 4.88   13.09 - 13.24                                                                                           
N. CENTRAL  4.87 - 4.95   13.13 - 13.23   -----------       
S. CENTRAL  4.88 - 5.00   13.14 - 13.24   -----------       
WABASH      5.00 - 5.07   13.19 - 13.26   5.87 - 5.99    
W.S. WEST   4.99 - 5.07   13.30 - 13.42   6.10 - 6.16     
L. EGYPT    5.01 - 5.06   13.19 - 13.27   5.92 - 6.06  
***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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