Illinois Grain Prices at Country Elevator

SPRINGFIELD - May 11/04 - SNS -- Corn, soybean, wheat and sorghum bids compiled by the USDA and Illinois Department of Agriculture.

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 mixed on Tuesday afternoon. Soybean prices
rebounded after yesterday's sharp losses. Many traders evened positions
ahead of tomorrow morning's USDA Supply Demand report. The USDA will not
only report on old crop carryout figures, but they will also issue their first
estimates for new crop grains.

In Northern and Western Illinois country grain dealers quoted shelled corn
bids were mostly steady to 1 cent higher at 2.76-2.85. Soybean bids were 9 to
13 cents higher at 10.21-10.31.

In Central Illinois country grain elevators quoted shelled corn bids were
steady to 2 cents higher at 2.81-2.90. Soybean bids were 7 to 13 cents
higher at 10.15-10.37.

In the Southern part of the state, shelled corn bids were steady to 2 cents
higher at 2.86-2.99. Soybean bids were 9 to 15 cents higher at 10.30-10.46.
Wheat bids were mostly 5 to 7 cents lower at 3.50 to 3.71. Milo bids were
mostly 1 to 3 cents higher at 2.56-2.92.

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    2.78 - 2.85  10.21 -10.30     -----------    -----------
WESTERN     2.76 - 2.84  10.24 -10.31     -----------    -----------
N. CENTRAL  2.83 - 2.90  10.15 -10.37     -----------    -----------
S. CENTRAL  2.81 - 2.90  10.19 -10.34     -----------    -----------
WABASH      2.90 - 2.99  10.31 -10.41     3.62 - 3.71    2.76 - 2.92
W.S. WEST   2.86 - 2.90  10.30 -10.37     3.50 - 3.57    2.56 - 2.75
L. EGYPT    2.95 - 2.99  10.35 -10.46     3.63 - 3.64    2.74 - 2.92

Central Illinois average price  Corn      2.85 1/2  (- 14     n)
                                Soybeans 10.26      (+  4     n)

                    CONTRACT BIDS FOR NEW CROP DELIVERY

AREA           CORN        SOYBEANS    **SOFT WHEAT**   SORGHUM
NORTHERN    2.66 - 2.68   7.15 - 7.24    -----------
WESTERN     2.61 - 2.68   7.18 - 7.30    -----------
N. CENTRAL  2.68 - 2.74   7.26 - 7.36    3.46 - 3.60
S. CENTRAL  2.68 - 2.80   7.23 - 7.38    3.45 - 3.62
WABASH      2.66 - 2.77   7.29 - 7.37    3.57 - 3.68
W.S. WEST   2.67 - 2.70   7.27 - 7.34    3.51 - 3.55
L. EGYPT    2.71 - 2.74   7.31 - 7.40    3.63 - 3.65
**June/July delivery

Source:  USDA-Illinois Dept of Ag Market News Springfield, Il 217-782-4925

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STAT News Service