Illinois Grain Prices at Country Elevator

SPRINGFIELD - May 15/08 - SNS -- Corn, soybean, wheat and sorghum bids compiled by the USDA and Illinois Department of Agriculture.

Illinois Grain Prices at Country Elevators

This is Thursday'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 Thursday afternoon, with
soybeans lower and corn and wheat higher. Soybean prices fell from profit
taking at the Board of Trade with lower soybean oil values adding more
pressure. Corn prices finished higher on late technical buying.

In Northern and Western Illinois country grain dealers quoted shelled
corn bids were 1 to 4 cents higher at 5.32-5.42. Soybean bids were 29 to
33 cents lower at 12.68-12.90.

In Central Illinois country grain dealers quoted shelled corn bids were
2 to 3 cents higher at 5.48-5.59. Soybean bids were 14 to 32 cents
lower at 12.97-13.20.

In the Southern part of the state, shelled corn bids were 3 to 7 cents
higher at 5.45-5.69. Soybean bids were 28 to 32 cents lower at
12.81-13.06. Wheat bids were 6 to 8 cents higher at 5.74-6.36. Milo bids
were 1 to 3 cents higher at 4.90-5.44.

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    5.36 - 5.42  12.80 - 12.90   -----------      -----------
WESTERN     5.32 - 5.41  12.68 - 12.85   -----------      -----------
N. CENTRAL  5.49 - 5.59  12.97 - 13.02   -----------      -----------
S. CENTRAL  5.48 - 5.57  13.08 - 13.20   -----------      -----------
WABASH      5.62 - 5.69  13.00 - 13.06   5.74 -  5.86     -----------
W.S. WEST   5.45 - 5.54  12.81 - 12.87   6.33 -  6.36     4.90 - 4.97
L. EGYPT    5.63 - 5.67  13.03 - 13.06   5.82 -  5.87     5.43 - 5.44

Central Illinois average price  Corn      5.53 1/2    (- 45 1/2 N)
                                Soybeans 13.08 1/2    (- 39     N)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS     **SOFT WHEAT**     SORGHUM

NORTHERN    5.52 - 5.62   11.94 - 12.04  -----------     -----------
WESTERN     5.49 - 5.60   12.02 - 12.12  -----------     -----------
N. CENTRAL  5.60 - 5.72   12.28 - 12.33  -----------     -----------
S. CENTRAL  5.61 - 5.73   12.18 - 12.33  6.02 - 6.12    -----------
WABASH      5.63 - 5.73   12.14 - 12.27  5.82 - 5.87     -----------
W.S. WEST   5.64 - 5.67   12.13 - 12.32  6.02 - 6.18     -----------
L. EGYPT    5.62 - 5.63   12.19 - 12.24  5.82 - 5.87     -----------
**June/July 08 delivery**

Source: USDA-Illinois Dept of Ag Market News Springfield, IL

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STAT News Service