GX_GR113
Springfield, IL    Fri Aug 21, 2009    USDA-IL Dept of Ag Market News

Illinois Grain Prices at Country Elevators

This is Friday'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 Friday afternoon, with
corn and soybeans higher and wheat lower. Soybean values were lifted
by stronger soybean meal values and the fifth straight day with an
announced sale to China. This morning the USDA announced the sale of
233,000 tonnes of US soybeans to China, almost 900,000 tonnes for the
week.

In Northern and Western Illinois country grain dealers quoted shelled
corn bids 3 cents higher at 3.12-3.20. Soybean bids were mostly 10 to
16 cents higher at 10.37-10.70.

In Central Illinois country grain dealers quoted shelled corn bids were
up 2 to 5 cents at 3.09-3.22. Soybean bids were mostly 16 to 26 cents
higher at 10.38-10.60.

In the Southern part of the state, shelled corn bids were 3 to 6 cents
higher at 3.15-3.26. Soybean bids were 18 cents higher at 10.03-10.16.
Wheat bids were mostly 9 to 11 cents lower at 2.65-2.84. Milo bids were
up 3 cents at 2.68-2.73.

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  US 2 SORGHUM
NORTHERN    3.12 - 3.20  10.37 - 10.62   

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WESTERN     3.13 - 3.19  10.52 - 10.70   

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N. CENTRAL  3.09 - 3.22  10.49 - 10.60   

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S. CENTRAL  3.17 - 3.20  10.38 - 10.48   

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WABASH      3.17 - 3.26  10.03 - 10.13   2.65 - 2.75     2.71 - 2.72
W.S. WEST   3.15 - 3.20  10.06 - 10.16   2.77 - 2.84     2.68 - 2.73
L. EGYPT    3.19 - 3.22  10.03 - 10.13   2.70 - 2.81     

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Central Illinois average price   Corn       3.14 1/2   (-  7     U)
                                 Soybeans  10.49       (+ 76     X)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS     **SOFT WHEAT**     SORGHUM
NORTHERN    2.83 - 2.93    9.33 - 9.38   

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WESTERN     2.84 - 2.92    9.42 - 9.51   

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N. CENTRAL  2.93 - 3.03    9.38 - 9.47   

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S. CENTRAL  2.91 - 3.01    9.47 - 9.53   

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WABASH      2.90 - 3.01    9.36 - 9.45   

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W.S. WEST   2.91 - 3.00    9.46 - 9.53   

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L. EGYPT    2.93 - 2.96    9.41 - 9.46   

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**January delivery

Illinois grains- Prices were lower this week at the Board of Trade.
Good growing conditions and beneficial rainfall kept pressure on grain
prices.  While the crop is behind in the maturity category it is doing
well in other areas.  Good growing conditions were putting pressure on
grain prices, but China's buying spree continues to counteract the
favorable weather and add support to the grain markets.  The USDA
announced sales of US soybeans to China for four days in a row this
week.

This week's Illinois Weather and Crops report for August 16, showed
very little change in crop conditions for the Illinois corn and soybeans.
There was 62% of the states corn crop in the Good to Excellent range,
with 28% Fair and 10% in Poor to Very Poor condition.  Many farmers
are hoping for a very late frost this year, as the crop continues to
lag behind in maturity.  There was 6% of the Illinois corn crop in the
dent stage, compared to 11% last year and the five year average of 40%.
The Illinois soybean crop improved slightly with 60% in the Good to
Excellent range, with 31% Fair and 9% in Poor to Very Poor condition.
There has been 58% of the crop setting pods, compared to 68% last year
and the five year average of 87%.

In the cash markets, trading activity was slow this week.  Lower markets
and weak basis levels made for a very quiet week for grain merchandisers.
The cash corn basis was lower, but in many cases the soybean basis ended
sharply lower, especially at the Illinois River terminals.  Although
there are still limited cases where merchandisers were pushing hard to
encourage producers to sell those last bushels of old crop soybeans.
At the Central Illinois Soybean Processors, cash soybean bids dropped .82
to 1.07 for the week to range from 10.52-10.87, with basis 20 to 45 cents
lower ranging from +95X to +130X.  Cash corn bids to producers at the
Central Illinois Corn Processors were down 5 to 6 cents to 3.28-3.38,
with basis steady to 1 cent higher at +10U to +20U.   At the Illinois
River terminals south of Peoria, cash corn bids dropped 10 cents to
3.26-3.29, with basis down 4 cents at +8U to +10 1/2 U.  Cash soybean bids
fell 1.42-1.43 to range from 10.02-10.30, with basis falling 80 to 81
cents at +45X to +73X. New crop corn bids fell 6 to 8 cents to 3.03-3.06,
with basis steady to up 2 cents at -21Z to -18Z.  New crop soybean bids
for October delivery were down 57 cents at 9.53-9.57, with basis 17 to 18
cents higher at -4Z to option X.  At the Illinois River terminals north of
Peoria, cash corn bids declined 8 to 9 cents to 3.27-3.29, with basis 2
to 4 cents lower at +8 1/2 U to +11U.  Cash soybean bids dropped 1.34-1.35
to range from 10.21-10.23, with basis down 72 to 73 cents at +64X to +66X.
New crop corn bids fell 3 to 8 cents to 3.01-3.06, with basis steady to 4
cents higher to range from -22 1/2 Z to -18 Z.  New crop soybean bids were
down 54 to 58 cents at 9.45-9.52, with basis 4 to 8 cents higher at -12X
to -5X.

In northern and western Illinois, cash corn bids to producers at country
elevators lost 5 to 10 cents ranging from 3.09-3.17, central Illinois bids
were down 6 to 8 cents at 3.07-3.17, and southern Illinois locations
dropped 12 cents at 3.09-3.23. Cash soybean bids fell 1.00-1.08 to
10.29-10.54 in northern and western Illinois, with central Illinois
locations down 1.04 ranging from 10.22-10.37, and southern Illinois bids
were 1.29-1.61 lower at 9.85-9.98. Cash wheat bids to producers at the


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