Illinois Grain Prices at Country Elevator

SPRINGFIELD - Apr 10/07 - 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, with wheat
and corn higher and soybeans lower. Wheat prices drew strength from the
USDA's Crop Conditions and Supply Demand reports. For the U.S. crop, wheat
placed 64% of the crop in the Good to Excellent category, down 7% from last
week. The USDA estimated ending stocks for wheat in 2006-2007 crop year at
422 million bushels, the lowest since the 1995-1996 crop year.
In Northern and Western Illinois country grain dealers quoted shelled corn
bids 5 to 9 cents higher at 3.30-3.42. Soybean bids were 5 to 8 cents lower
at 6.87-7.00.
In Central Illinois country grain dealers quoted shelled corn bids mostly 5
to 7 cents higher at 3.38-3.47. Soybean bids were down 4 to 8 cents at
6.97-7.08.
In the Southern part of the state, shelled corn bids were 5 to 8 cents
higher at 3.40-3.55. Soybean bids were 6 to 7 cents lower at 6.95-7.08.
Wheat bids were up 10 to 14 cents at 3.86-3.99. Milo bids were 3 to 5 cents
higher at 3.64-3.71.
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    3.30 - 3.40   6.87 - 6.98    -----------      -----------
WESTERN     3.32 - 3.42   6.90 - 7.00    -----------      -----------
N. CENTRAL  3.40 - 3.47   7.01 - 7.08    -----------      -----------
S. CENTRAL  3.38 - 3.45   6.97 - 7.08    -----------      -----------
WABASH      3.47 - 3.55   7.03 - 7.08    3.86 - 3.93      -----------
W.S. WEST   3.40 - 3.45   6.96 - 7.05    3.87 - 3.99      2.94 - 2.98
L. EGYPT    3.49 - 3.52   6.95 - 7.08    3.86 - 3.98      3.64 - 3.71
Central Illinois average price  Corn      3.42 1/2    (- 26 1/2 K)
                                Soybeans  7.02 1/2    (- 40     K)
                    CONTRACT BIDS FOR NEW CROP DELIVERY
AREA           CORN        SOYBEANS       SOFT WHEAT       SORGHUM
NORTHERN    3.44 - 3.50    7.22 - 7.37    -----------     -----------
WESTERN     3.42 - 3.50    7.25 - 7.32    -----------     -----------
N. CENTRAL  3.57 - 3.66    7.52 - 7.58    -----------     -----------
S. CENTRAL  3.53 - 3.62    7.48 - 7.59    3.91 - 3.92     -----------
WABASH      3.49 - 3.61    7.36 - 7.48    3.92 - 4.04     -----------
W.S. WEST   3.42 - 3.49    7.17 - 7.27    3.96 - 4.02     -----------
L. EGYPT    3.51 - 3.60    7.33 - 7.38    4.04 - 4.09     -----------
Source: USDA-Illinois Dept of Ag Market News Springfield, IL

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