GX_GR113
Springfield, IL    Wed Apr 22, 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. Old
crop soybean futures were supported with stronger soybean meal values,
while the new crop soybean values were pressured by the latest extended
weather forecast for the cornbelt. Many forecasts predict more rain for
the midwest next week to further delay corn planting. These delays could
possibly encourage planting of more soybean acres.

In Northern and Western Illinois country grain dealers quoted shelled
corn bids 1 to 2 cents lower at 3.50-3.61. Soybean bids were 9 to 11
cents higher at 10.13-10.26.

In Central Illinois country grain dealers quoted shelled corn bids were
mostly steady at 3.50-3.63. Soybean bids were mostly 4 to 8 cents higher
at 10.23-10.35.

In the Southern part of the state, shelled corn bids were steady to 1 cent
higher at 3.58-3.69. Soybean bids were 4 to 6 cents higher at 10.18-10.34.
Wheat bids were 7 cents higher at 4.01-4.37. Milo bids were steady to 1
cent lower at 2.63-2.94.

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    3.52 - 3.61  10.13 - 10.21   

---     

---
WESTERN     3.50 - 3.61  10.17 - 10.26   

---     

---
N. CENTRAL  3.50 - 3.61  10.23 - 10.35   

---     

---
S. CENTRAL  3.57 - 3.63  10.24 - 10.35   

---     

---
WABASH      3.59 - 3.69  10.24 - 10.32   4.27 - 4.34     2.93 - 2.94
W.S. WEST   3.58 - 3.61  10.18 - 10.26   4.01 - 4.04     2.63 - 2.75
L. EGYPT    3.62 - 3.67  10.24 - 10.34   4.25 - 4.37     

---

Central Illinois average price  Corn      3.56 1/2   (-17     K)
                                Soybeans 10.29       (-17     K)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS       SOFT WHEAT       SORGHUM
NORTHERN    3.51 - 3.61    8.69 - 8.74   

---    

---
WESTERN     3.48 - 3.55    8.71 - 8.82   

---    

---
N. CENTRAL  3.53 - 3.66    8.64 - 8.74   

---    

---
S. CENTRAL  3.53 - 3.65    8.75 - 8.90   3.92 - 4.05    

---
WABASH      3.59 - 3.68    8.59 - 8.66   4.28 - 4.43    

---
W.S. WEST   3.45 - 3.60    8.64 - 8.73   4.28 - 4.38    

---
L. EGYPT    3.62 - 3.68    8.59 - 8.66   4.39 - 4.44    

---

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


.