GX_GR113
Springfield, IL    Fri Jul 10, 2009    USDA-IL Dept of Ag Market News

Illinois Grain Prices at Country Elevators

This is Friday'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 Friday afternoon. Good
growing conditions across the cornbelt, the release of the USDA Supply
and Demand report, and weak outside markets combined to pressure values.

In Northern and Western Illinois country grain dealers quoted shelled
corn bids steady to 2 cents lower at 3.18-3.29. Soybean bids were up 4
to 6 cents at 10.70-10.85.

In Central Illinois country grain dealers quoted shelled corn bids were
1 to 2 cents lower at 3.21-3.26. Soybean bids were down 1 to 9 cents
at 10.80-10.90.

In the Southern part of the state, shelled corn bids were 2 cents lower
at 3.20-3.40. Soybean bids were up 2 to 6 cents at 10.67-10.88. Wheat
bids were 3 cents lower at 3.64-3.99. Milo bids were mixed at 2.48-2.75.

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    3.18 - 3.27  10.70 - 10.79   

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WESTERN     3.20 - 3.29  10.79 - 10.85   

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N. CENTRAL  3.21 - 3.23  10.80 - 10.89   

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S. CENTRAL  3.22 - 3.26  10.82 - 10.90   4.08 - 4.14     

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WABASH      3.28 - 3.40  10.67 - 10.79   3.64 - 3.75     2.48 - 2.50
W.S. WEST   3.20 - 3.31  10.78 - 10.88   3.88 - 3.99     2.56 - 2.75
L. EGYPT    3.32 - 3.39  10.75 - 10.84   3.72 - 3.83     

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Central Illinois average price  Corn       3.23 1/2   (- 4 1/2 U)
                                Soybeans  10.85       (+40     Q)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS     **SOFT WHEAT**     SORGHUM
NORTHERN    2.92 - 3.03    8.71 - 8.78   

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WESTERN     2.93 - 3.03    8.77 - 8.86   

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N. CENTRAL  2.98 - 3.10    8.72 - 8.82   

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S. CENTRAL  3.02 - 3.08    8.83 - 8.90   

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WABASH      3.08 - 3.15    8.82 - 8.87   

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W.S. WEST   2.87 - 2.95    8.79 - 8.90   

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L. EGYPT    3.04 - 3.12    8.82 - 8.87   

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**January delivery

Illinois grains-Prices ended lower at the Board of Trade, with soybeans sharply
lower.
 Favorable weather for good growing conditions helped to drag grain prices
down.
Technical trading and speculative selling pressured futures prices further.
Many traders
late in the week tried to even positions ahead of USDAs Supply and Demand and
Wheat
Production reports on Friday.  Higher than expected weekly export sales figures
were a
supportive factor as export sales for soybeans totaled 1.22 million metric
tons.

In the USDAs Supply and Demand report, the corn carryout for the 2009-2010 crop
year
was estimated at 1.770 billion bushels, compared to 1.600 billion in the June
report.  The
soybean carryout was unchanged at 110 million, with the wheat carryout slightly
lower at
667 million bushels.  The estimate for the US Winter Wheat crop was 1.52
billion bushels
for the 2009-2010 crop year.

In the cash grain markets, trading activity was slow with soybean futures
falling lower.
 Weak basis pushed cash soybean bids even lower, although the cash corn basis
was firm
for the week.   At the Central Illinois Soybean Processors cash bids to
producers lost 1.50 to
1.58 to range from 10.86-11.06, with basis ranging from +170X to +190X.  At the
Central
 Illinois Corn Processors cash bids dropped 12 to 33 cents to range from 3.39
-3.42, with
basis ranging from +10U to +20U.  At the Illinois River terminals south of
Peoria, cash corn
bids fell 2 to 6 cents to 3.44 -3.46, with basis ranging from +15U to +17U.
Cash soybean
bids decreased 1.48 to 1.52 to range from 11.03-11.07, with basis at +56Q to
+60Q.
Bids for Soft Red Winter wheat declined 2 to 9 cents to 4.26-4.32, with basis
ranging from
-96U to -90U.  At the Illinois River terminals north of Peoria, corn bids were
down 9 to 10
cents to 3.44-3.45, with basis at +15U to +16U.  Cash soybean bids were down
1.50 to
1.51 to 10.98-11.01, with basis ranging from +51Q to +54Q.  Wheat bids were
steady to
down 1 cent to 4.24-4.29, with basis ranging from -98U to -93U.

In northern and western Illinois, cash corn bids to producers at country
elevators fell 3 to 7
cents ranging from 3.18-3.31, central Illinois bids were down 1 to 8 cents at
3.22-3.28, and
southern Illinois locations were 6 to 10 cents lower ranging from 3.22-3.42.
Cash soybean
bids fell 1.54 to 1.59 to 10.64-10.81 in northern and western Illinois, with
central Illinois
locations losing 90 cents to 1.39 ranging from 10.81-10.99, and southern
Illinois bids were
down 1.30 to 1.43 at 10.61-10.86. Cash wheat bids to producers at the country
elevators in
central Illinois fell 8 to 12 cents to 4.06-4.17, with southern Illinois
locations down 7 to 11
cents at 3.67-4.02. Cash sorghum bids at country elevators in the southern part
of Illinois
were 2 to 11 cents lower ranging from 2.51-2.71.

New crop corn bids to producers at country elevators in northern and western
Illinois were
down 15 cents to 2.94-3.05, with central Illinois bids 17 to 18 cents lower at
3.00-3.10, and
in the southern part of the state bids were 17 cents lower to range from
2.88-3.17. Soybean
bids to producers for new crop delivery in northern and western Illinois fell
86 cents to
8.69-8.85; with central Illinois locations down 87 to 90 cents ranging from
8.71-8.89, and
southern Illinois bids dropped 86 cents to 8.78-8.90.

Central Illinois Average Price at Country Elevators

                           7/9/2009                      7/1/2009
                      Price       Basis            Price      Basis
Corn               3.25      -4  U           3.40      -16  U


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