Illinois grain prices in country elevators

[June 06, 2012]  SPRINGFIELD -- This is Tuesday's report of the grain prices and trends, prepared by the USDA and the Illinois Department of Agriculture.

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Illinois country grain prices were mixed on Tuesday afternoon, with corn and wheat lower while soybeans and soybean products posted gains.

Good buying interest supported the rally in soybeans.

In Northern and Western Illinois country grain dealers quoted shelled corn bids mixed at 5.84-6.03.

Soybean bids traded 9 to 14 cents higher at 13.29-13.46.

In Central Illinois country grain dealers quoted shelled corn bids were mixed
at 5.87-6.00.

Soybean bids were 9 to 13 cents higher at 13.33-13.52.

In the Southern part of the state, shelled corn bids were mixed at 5.89-6.18.

Soybean bids were 10 to 15 cents higher at 13.38-13.58.

Wheat bids were mostly 8 to 15 cents lower at 5.92-6.13.

Commercial grain prices paid farmers by Interior Illinois Country Elevators after 2.00 p.m. Tuesday are listed below in dollars per bushel:

AREA	US 2 CORN	US 1 SOYBEANS	US 2 SOFT WHEAT
NORTHERN	5.89 - 6.03	13.29 - 13.39
WESTERN	5.84 - 5.97	13.33 - 13.46
N. CENT.	5.87 - 5.94	13.33 - 13.40
S. CENTRAL	5.93 - 6.00	13.42 - 13.52
WABASH	6.04 - 6.13	13.38 - 13.43	5.92 - 6.13
W.S. WEST	5.89 - 6.02	13.46 - 13.58	5.96 - 6.05
L. EGYPT	6.07 - 6.18	13.43 - 13.53	6.02 - 6.13

Central Illinois average price

Corn: 5.93 1/2 (+26 N)
Soybeans: 13.42 1/2 (- 7 N)

CONTRACT BIDS FOR NEW CROP 2012 DELIVERY

AREA	US 2 CORN	US 1 SOYBEANS	***US 2 SOFT WHEAT
NORTHERN	4.65 - 4.73	12.31 - 12.47
WESTERN	4.67 - 4.74	12.36 - 12.50
N. CENT.	4.68 - 4.78	12.38 - 12.52
S. CENTRAL	4.72 - 4.87	12.37 - 12.49
WABASH	4.86 - 4.95	12.44 - 12.52	---
W.S. WEST	4.88 - 4.98	12.53 - 12.65	---
L. EGYPT	4.89 - 4.93	12.43 - 12.49	---

Cent. Ill. Average Price at Country Elevators

Week of	5/31/2012	5/24/2012
	Price Basis	Price Basis
Corn	5.82 +27 N	6.05 1/2 +27 N
Soybeans	13.30 1/2 - 9 1/2 N	13.64 1/2 -11 1/2 N

[Text copied from USDA-IL Dept of Ag Market News, Springfield]