GX_GR113
Springfield, IL    Wed Aug 26, 2009    USDA-IL Dept of Ag Market News

Illinois Grain Prices at Country Elevators

This is Wednesday'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 Wednesday afternoon. Wheat
prices ended higher supported by an Egyption purchase of US Soft Red
Winter Wheat. Good growing conditions continue to weigh on corn and
soybean values. In the cash markets, trading activity continues to be
slow. The cash corn basis ended mostly 2 to 4 cents lower at many Illinois
River terminals. The cash soybean basis was mostly steady at points
south of Peoria along the Illinois River, but mostly 9 cents higher to
the north. In many cases, the processor basis for soybeans ended 20 cents
higher.

In Northern and Western Illinois country grain dealers quoted shelled
corn bids 1 to 5 cents lower at 3.07-3.19. Soybean bids were mixed at
10.94-11.26.

In Central Illinois country grain dealers quoted shelled corn bids were
mostly 1 to 4 cents lower at 3.08-3.20. Soybean bids were up 12 to 18
cents at 10.86-11.26.

In the Southern part of the state, shelled corn bids were 1 to 4 cents
lower at 3.07-3.25. Soybean bids were mixed at 10.22-10.55. Wheat bids
were mostly 5 to 10 cents higher at 2.83-2.99. Milo bids were mixed at
2.70-2.76.

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    3.11 - 3.19  11.00 - 11.11   

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WESTERN     3.07 - 3.15  10.94 - 11.26   

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N. CENTRAL  3.08 - 3.19  10.86 - 11.26   

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S. CENTRAL  3.13 - 3.20  10.94 - 11.04   

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WABASH      3.15 - 3.25  10.22 - 10.32   2.85 - 2.99     2.75 - 2.76
W.S. WEST   3.07 - 3.14  10.37 - 10.55   2.83 - 2.96     2.70 - 2.75
L. EGYPT    3.07 - 3.20  10.32 - 10.49   2.84 - 2.98     

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Central Illinois average price   Corn       3.14       (-   6 1/2 U)
                                 Soybeans  11.06       (+1.09 1/2 X)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS     **SOFT WHEAT**     SORGHUM
NORTHERN    2.87 - 2.96    9.71 - 9.79   

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WESTERN     2.82 - 2.93    9.69 - 9.78   

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N. CENTRAL  2.93 - 3.02    9.59 - 9.72   

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S. CENTRAL  2.91 - 3.01    9.71 - 9.80   

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WABASH      2.90 - 3.01    9.60 - 9.70   

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W.S. WEST   2.89 - 2.98    9.72 - 9.78   

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L. EGYPT    2.91 - 2.96    9.62 - 9.74   

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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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