GX_GR113
Springfield, IL    Tue Mar 31, 2009    USDA-IL Dept of Ag Market News

Illinois Grain Prices at Country Elevators

This is Tuesday'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 Tuesday afternoon.
Grain prices rallied in reaction to today's USDA Prospective Plantings
and Quarterly Stocks reports. The USDA projected the 2009 soybean acres
to total 76.0 million acres, which was well below the average trade
estimate. US corn acres this year are expected to total 85.0 million
acres. Illinois farmers are expected to increase corn acres to 12.2
million and decrease soybean acres to 9.1 million for the 2009 crop
year. In the cash markets, trading was surprisingly slow even with the
rally at the Board of Trade.

In Northern and Western Illinois country grain dealers quoted shelled
corn bids 15 to 18 cents higher at 3.72-3.85. Soybean bids were 47 to 48
cents higher at 9.25-9.39.

In Central Illinois country grain dealers quoted shelled corn bids were
18 to 19 cents higher at 3.80-3.90. Soybean bids were 46 to 47 cents
higher at 9.35-9.45.

In the Southern part of the state, shelled corn bids were 17 to 20 cents
higher at 3.80-3.96. Soybean bids were 44 to 47 cents higher at
9.34-9.46. Wheat bids were 26 to 27 cents higher at 4.32-4.59. Milo bids
were 18 to 19 cents higher at 2.94-3.45.

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    3.74 - 3.85   9.25 - 9.33    

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WESTERN     3.72 - 3.81   9.26 - 9.39    

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N. CENTRAL  3.80 - 3.84   9.35 - 9.40    

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S. CENTRAL  3.80 - 3.90   9.35 - 9.45    

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WABASH      3.88 - 3.94   9.34 - 9.46    4.43 - 4.59     3.44 - 3.45
W.S. WEST   3.80 - 3.85   9.37 - 9.45    4.32 - 4.35     2.94 - 2.96
L. EGYPT    3.85 - 3.96   9.37 - 9.46    4.43 - 4.47     

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Central Illinois average price  Corn      3.85       (-20     K)
                                Soybeans  9.40       (-12     K)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS       SOFT WHEAT       SORGHUM
NORTHERN    3.84 - 3.90    8.32 - 8.42   

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WESTERN     3.80 - 3.82    8.34 - 8.44   

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N. CENTRAL  3.84 - 3.94    8.32 - 8.43   

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S. CENTRAL  3.81 - 3.99    8.41 - 8.47   4.09 - 4.20    

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WABASH      3.89 - 3.96    8.25 - 8.42   4.50 - 4.60    

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W.S. WEST   3.77 - 3.81    8.26 - 8.29   4.43 - 4.60    

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L. EGYPT    3.85 - 4.01    8.27 - 8.44   4.55 - 4.65    

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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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