Illinois River Barge Terminals Bids

SPRINGFIELD - May 11/04 - SNS -- Producer bids and basis levels for corn, soybean and wheat delivered to barge basis points in the Illinois.

Illinois River Barge Terminals Producer Bids/Basis

             Bids ($/bu)   Change (¢/bu)      Basis          Change

           Cash Price      South of Peoria
Corn       2.9375-2.9875   UP 1.25-UP 2.25    -5.5N to -0.5N UP 0.5 to UP 1.5
Soybeans   10.3925-10.4475 UP 12.75-UP 13.75  17N to 22.5N   UP 3 to UP 4
Wheat      0.0000          UNCH               #N/A           #N/A
Contract Bids for New Crop delivery
Corn       2.7250-2.7750   UP 1.5-UP 2.5      -21Z to -16Z   UNCH to UP 1
Soybeans   7.3775-7.4175   UP 2.25-UP 4.25    -17X to -13X   UNCH to UP 2
* Wheat    3.5600-3.6400   DN 6.25-DN 4.25    -23N to -15N   UNCH to UP 2

           Cash Price      North of Peoria
Corn       2.9525-2.9625   UP 1.25-UP 0.75    -4N to -3N     UP 0.5 to UNCH
Soybeans   10.4225-10.4375 UP 10.25           20N to 21.5N   UP 0.5
Wheat      0.0000          UNCH               #N/A           #N/A
Contract Bids for New Crop delivery
Corn       2.7250-2.7350   UP 2               -21Z to -20Z   UP 0.5
Soybeans   7.3725-7.3825   UP 1.75            -17.5X to -16.5DN 0.5
* Wheat    3.6300-3.6400   DN 5.75-DN 8.75    -16N to -15N   UP 0.5 to DN 2.5

* Wheat bids for June/July delivery

Illinois River grain barge loadings for the week ending May 1,2004
(thousand tons)
               corn  wheat  soybeans  other   total
this week       115    2       34       0      150
last week       139    8       11       8      166
last year       183    2       16       1      203

Crop marketing year to date:
                   corn   wheat   soybeans
this week          8511    333      1546

Spot barge freight rate today: 145-150
                    last week: 135-137
                    last year: 145-150
Percent of tariff established at $4.81/ton from Peoria to New Orleans
Crop marketing year begins June 1 for wheat; September 1 for corn,
sorghum, and soybeans.
Source for the grain barge loadings: U.S. Army Corps of Engineers

Chicago Board of Trade month symbols: F January, H March, K May, N July,
Q August, U September, V October, X November, Z December

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

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