GX_GR113 Springfield, IL Fri Nov 20, 2009 USDA-IL Dept of Ag Market News Illinois Grain Prices at Country Elevators This is Friday'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 Friday afternoon. Corn and wheat ended lower and soybeans higher compared to the previous day. Fund buying supported soybeans and helped them to close on a high note. Wheat ended lower due to speculative selling and an increase in the dollar. Corn was also pressured by the higher dollar and a favorable extended weather forecast. In Northern and Western Illinois country grain dealers quoted shelled corn bids were 1 to 3 cents lower at 3.54-3.60. Soybean bids were 4 to 7 cents higher at 10.02-10.14. In Central Illinois country grain dealers quoted shelled corn bids were 3 to 5 cents lower at 3.58-3.66. Soybean bids were 4 to 5 cents higher at 10.17-10.30. In the Southern part of the state, shelled corn bids were 2 to 6 cents lower at 3.55-3.70. Soybean bids were 7 to 8 cents higher at 10.06-10.28. Wheat bids were mixed at 3.48-4.30. Milo bids were 4 cents lower at 3.41-3.60. 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 3.54 - 3.59 10.06 - 10.14 ----------- ----------- WESTERN 3.58 - 3.60 10.02 - 10.13 ----------- ----------- N. CENTRAL 3.58 - 3.65 10.17 - 10.28 ----------- ----------- S. CENTRAL 3.62 - 3.66 10.24 - 10.30 ----------- ----------- WABASH 3.58 - 3.66 10.12 - 10.22 3.80 - 4.30 3.41 - 3.51 W.S. WEST 3.60 - 3.70 10.20 - 10.28 3.48 - 3.59 3.46 - 3.60 L. EGYPT 3.55 - 3.64 10.06 - 10.16 3.65 - 4.20 3.41 - 3.56 Central Illinois average price Corn 3.62 (- 29 Z) Soybeans 10.23 1/2 (- 22 1/2 F) CONTRACT BIDS FOR JANUARY DELIVERY AREA CORN SOYBEANS **SOFT WHEAT** SORGHUM NORTHERN 3.60 - 3.69 10.17 - 10.22 ----------- ----------- WESTERN 3.61 - 3.71 10.21 - 10.30 ----------- ----------- N. CENTRAL 3.69 - 3.76 10.22 - 10.33 ----------- ----------- S. CENTRAL 3.67 - 3.81 10.31 - 10.36 ----------- ----------- WABASH 3.81 - 3.89 10.31 - 10.41 4.93 - 5.03 ----------- W.S. WEST 3.78 - 3.82 10.36 - 10.45 5.28 - 5.39 ----------- L. EGYPT 3.79 - 3.83 10.28 - 10.36 5.31 - 5.43 ----------- **New crop June/July delivery Illinois grains-Prices ended higher this week at the Chicago Mercantile Exchange with soybeans sharply higher. Outside markets and higher crude oil values were positive influences early in the week. Fund buying helped to support corn and wheat prices. Strong export demand and better than expected crush figures pushed soybean futures higher. The National Oilseed Processors Association (NOPA) released their October monthly crush report at 155.3 million bushels of soybeans, about 18 million bushels above trade expectations. The weekly export sales figures were above trade expectations for both soybean and soybean meal. Export sales for soybeans totaled 1.349 million metric tonnes with soybean meal posted at 367,800 metric tonnes. The Illinois Weather and Crops report for the week ending November 16th, showed weather conditions had allowed 6.4 days suitable for fieldwork, farmers progressed at a swift pace with soybean harvest but corn harvest was slowed by high moisture levels. Corn harvest had reached 52% complete in Illinois, compared to 31% last week and 95% for the five year average. The soybean harvest had reached the 90% complete stage, compared to 69% last year and 99% for the five year average. Cash grain movement this week was moderate as harvest was stalled when rain covered most of the state. Due to the heavy rainfall received over the past several days, many terminals along the Mississippi River are concerned ith rising water levels over the next several days. Basis levels rose due to falling rates for barge freight and improved export demand. Bids to producers at the Central Illinois Soybean Processors gained 53 to 56 cents to 10.28-10.51, with basis rising 4 to 7 cents to range from -11F to +12F. At the Central Illinois Corn Processors bids gained 5 to 8 cents to range from 3.87-3.93, with basis unchanged to up 3 cents to range from -8Z to -2Z. At the Illinois River terminals south of Peoria cash corn bids to producers advanced 11 to 13 cents to 3.82-3.85, with basis up 6 to 8 cents to range from -13Z to -10Z. Cash soybean bids were up 59 to 64 cents to range from 10.21-10.30, with basis up 10 to 15 cents to range from -18F to -9F. January bids or corn gained 3 cents to range from 3.89-3.91, with basis 2 cents lower at -22H to -20H. January soybean bids were up 47 to 50 cents to range from 10.41- 10.45, with basis mixed at +2F to +6F. At the Illinois River terminals north of Peoria cash corn bids to producers increased 5 to 10 cents to range from 3.79-3.82, with basis unchanged to 5 cents higher to -16Z to -13Z. Cash soybean bids gained 50 to 53 cents to range from 10.22-10.28, with basis 2 to 4 cents higher at -17F to -11F. Bids for January delivery corn were 1 to 6 cents higher at 3.88-3.90, with basis mixed at -23H to -21H. January delivery soybean bids gained 48 to 50 cents to range from 10.36-10.40, with basis mixed ranging from -3F to +1F. In northern and western Illinois, cash corn bids to producers at country elevators were up 7 to 15 cents at 3.53-3.70, in central Illinois bids were unchanged to 5 cents higher at 3.61-3.71, and southern Illinois locations gained 9 to 10 cents at 3.57-3.76. Cash soybean bids rose 48 to 50 cents to range from 9.98-10.07 in northern and western Illinois, with central Illinois locations up 51 to 52 cents ranging from 10.12- 10.26, and southern Illinois bids were 54 to 57 cents higher at 9.99- 10.20. Cash wheat bids to producers at the country elevators in southern Illinois locations were 4 to 31 cents higher at 3.51-4.26. Cash sorghum bids at country elevators in the southern part of Illinois were up 13 to 20 cents at 3.45-3.64. Corn bids for January 2010 delivery to producers at country elevators in northern and western Illinois were up 5 to 6 cents to 3.65-3.77, with central Illinois bids gaining 5 to 11 cents at 3.73-3.87 and in the southern part of the state bids were 1 to 11 cents higher at 3.82-3.93. Soybean bids to producers for January 2010 delivery in northern and western Illinois were 47 cents higher at 10.05-10.24, with central Illinois locations increasing 47 to 49 cents ranging from 10.19-10.29, and southern Illinois bids gaining 49 to 51 cents to 10.21-10.34. Central Illinois Average Price at Country Elevators 11/19/2009 11/12/2009 Price Basis Price Basis Corn 3.65 -30Z 3.63 1/2 -27Z Soybeans 10.19 -20F 9.67 1/2 -22 1/2F Source: USDA-Illinois Dept of Ag Market News Springfield, IL Phone: 217-782-4925 In state only toll free 888-458-4787 www.ams.usda.gov/LSMarketNews 15:44 C jm/gw .