Grain Prices @ Illinois Interior Country Elevators

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GX_GR113
Springfield, IL    Thu Oct 11, 2012    USDA-IL Dept of Ag Market News

Illinois Grain Prices in Country Elevators

This is Thursday's report of the grain prices and trends prepared by the 
USDA and the Illinois Department of Agriculture.
  
Illinois country grain prices were sharply higher on Thursday afternoon. 
Stronger corn futures helped to pull soybeans and wheat higher. A lower than
expected corn carryout figure fueled today's rally in the futures market. 
While the US corn production was estimated to be 10.70 billion bushels in 
the USDA's report, the carryout figure was lowered to just 619 million bushels.

In Northern and Western Illinois country grain dealers quoted shelled corn 
bids 37 cents higher at 7.50-7.63. Soybean bids were 26 to 27 cents higher at 
15.17-15.29.
 
In Central Illinois country grain dealers quoted shelled corn bids were 
mostly 35 to 37 cents higher at 7.62-7.76. Soybean bids were 25 to 27 cents 
higher at 15.30-15.40. 

In the Southern part of the state, shelled corn bids were 35 to 36 cents higher 
at 7.69-7.85. Soybean bids were 20 to 28 cents higher at 15.23-15.49. Wheat 
bids were mostly 15 to 16 cents higher at 8.50-8.66.

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 WHEA5  
NORTHERN    7.56 - 7.63   15.20 - 15.29    -----------       
WESTERN     7.50 - 7.62   15.17 - 15.22    -----------       
N. CENTRAL  7.62 - 7.69   15.32 - 15.40    -----------       
S. CENTRAL  7.62 - 7.76   15.30 - 15.40    -----------       
WABASH      7.73 - 7.85   15.23 - 15.33    8.53 - 8.66     
W.S. WEST   7.69 - 7.79   15.42 - 15.49    8.50 - 8.66    
L. EGYPT    7.73 - 7.83   15.29 - 15.38    8.56 - 8.66     

Central Illinois average price   Corn        7.69     (- 4    Z)
                                 Soybeans   15.35     (-13 1/2X)

                 CONTRACT BIDS FOR JANUARY 2013 DELIVERY

 AREA          CORN          SOYBEANS   ***SOFT WHEAT***      
NORTHERN    7.60 - 7.70   15.28 - 15.35   -----------       
WESTERN     7.55 - 7.65   15.18 - 15.36   -----------       
N. CENTRAL  7.67 - 7.78   15.41 - 15.49   -----------       
S. CENTRAL  7.76 - 7.89   15.46 - 15.56   -----------       
WABASH      7.90 - 8.03   15.33 - 15.49   8.17 - 8.31    
W.S. WEST   7.82 - 7.92   15.52 - 15.63   8.12 - 8.38     
L. EGYPT    7.93 - 7.98   15.47 - 15.56   8.27 - 8.31 
***June/July 2013 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 km/cjm/jm/gw



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