GX_GR113
Springfield, IL    Mon Mar 23, 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 mixed on Monday afternoon, with
soybeans mostly higher and corn and wheat lower. In the early trading
at the Board of Trade, fund buying helped to rally grain prices, then
buying turned to selling as many traders took profits. Cash grain trading
was slow to moderate as some producers made additional sales of soybeans.
Cash basis for soybeans did weaken this afternoon, with processors down
3 to 5 cents and gulf basis falling 2 to 4 cents per bushel.

In Northern and Western Illinois country grain dealers quoted shelled
corn bids 1 cent lower at 3.64-3.70. Soybean bids were mixed at 9.34-9.45.

In Central Illinois country grain dealers quoted shelled corn bids were
1 to 3 cents lower at 3.66-3.78. Soybean bids were 2 to 4 cents higher at
9.37-9.46.

In the Southern part of the state, shelled corn bids were mostly 1 to 3
cents lower at 3.67-3.86. Soybean bids were mixed at 9.41-9.51. Wheat bids
were 1 cent lower at 4.41-4.69. Milo bids were mostly steady to 2 cents
lower at 3.00-3.36.

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    3.65 - 3.70   9.34 - 9.40    

---     

---
WESTERN     3.64 - 3.67   9.36 - 9.45    

---     

---
N. CENTRAL  3.66 - 3.74   9.39 - 9.46    

---     

---
S. CENTRAL  3.68 - 3.78   9.37 - 9.46    

---     

---
WABASH      3.79 - 3.86   9.42 - 9.50    4.59 - 4.69     3.35 - 3.36
W.S. WEST   3.67 - 3.71   9.45 - 9.49    4.41 - 4.50     3.00 - 3.06
L. EGYPT    3.78 - 3.82   9.41 - 9.51    4.49 - 4.55     

---

Central Illinois average price  Corn      3.72       (-23 1/2 K)
                                Soybeans  9.41 1/2   (-14     K)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS       SOFT WHEAT       SORGHUM
NORTHERN    3.76 - 3.82    8.35 - 8.40   

---    

---
WESTERN     3.69 - 3.74    8.28 - 8.42   

---    

---
N. CENTRAL  3.77 - 3.87    8.33 - 8.46   

---    

---
S. CENTRAL  3.72 - 3.88    8.36 - 8.47   4.26 - 4.37    

---
WABASH      3.80 - 3.87    8.31 - 8.46   4.68 - 4.77    

---
W.S. WEST   3.62 - 3.68    8.24 - 8.30   4.58 - 4.72    

---
L. EGYPT    3.79 - 3.87    8.31 - 8.46   4.69 - 4.77    

---


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


.