GX_GR113
Springfield, IL    Mon Aug 24 2009    USDA-IL Dept of Ag Market News

Illinois Grain Prices at 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 higher on Monday afternoon. Fund
and technical buying helped to push grain prices higher. Dry weather
in two of the grain growing regions of China was enough news to lift
prices, especially in soybeans. This week corn inspected for export
totaled 38.5 million bushels, with soybeans 7.57 million bushels. In
the cash markets, the cash soybean basis continues to move. Many
soybean processors gained 5 to 10 cents with some Illinois River
terminals up 5 to 11 cents.

In Northern and Western Illinois country grain dealers quoted shelled
corn bids 7 cents higher at 3.19-3.27. Soybean bids were mostly 37 to
44 cents higher at 10.91-11.07.

In Central Illinois country grain dealers quoted shelled corn bids were
mostly up 7 to 8 cents at 3.19-3.30. Soybean bids were 34 to 35 cents
higher at 10.73-10.94.

In the Southern part of the state, shelled corn bids were 7 to 8 cents
higher at 3.22-3.34. Soybean bids were 33 to 34 cents higher at
10.36-10.50. Wheat bids were 7 to 10 cents higher at 2.75-2.91. Milo
bids were up 7 to 10 cents at 2.78-2.80.

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    3.20 - 3.27  10.92 - 11.07   

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WESTERN     3.19 - 3.27  10.91 - 11.05   

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N. CENTRAL  3.19 - 3.30  10.83 - 10.94   

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S. CENTRAL  3.25 - 3.29  10.73 - 10.85   

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WABASH      3.25 - 3.34  10.38 - 10.48   2.75 - 2.87     2.79 - 2.80
W.S. WEST   3.22 - 3.24  10.36 - 10.50   2.88 - 2.91     2.78 - 2.80
L. EGYPT    3.22 - 3.29  10.38 - 10.48   2.78 - 2.82     

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Central Illinois average price   Corn       3.24 1/2   (-  5     U)
                                 Soybeans  10.83 1/2   (+ 76     X)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS     **SOFT WHEAT**     SORGHUM
NORTHERN    2.96 - 3.03    9.68 - 9.75   

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WESTERN     2.94 - 3.01    9.78 - 9.88   

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N. CENTRAL  3.02 - 3.11    9.71 - 9.81   

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S. CENTRAL  3.00 - 3.11    9.82 - 9.92   

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WABASH      3.00 - 3.11    9.72 - 9.81   

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W.S. WEST   2.95 - 3.10    9.80 - 9.86   

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L. EGYPT    3.03 - 3.06    9.70 - 9.80   

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**January delivery

Source: USDA-Illinois Dept of Ag Market News Springfield, IL
        Phone:  217-782-4925   In state only toll free 888-458-4787
        www.ams.usda.gov/LSMarketNews

15:44 C   jm/gw


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