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USDA-GX: Grain Spot Market Basis Levels

Springfield, IL - Fri - May 9, 2008 - USDA-IL Dept of Ag Market News


Spot market Basis levels at selected terminal locations as of 10:30 am.
with change from the previous afternoon.

Market                                Basis                Change

US 2 Yellow Corn

Louisiana Gulf                                 +16     N   unch - dn 5  
Central Illinois Processors       -24     N to -15     N   unch         
Illinois River                    -49 1/2 N to -40     N   unch           
Ohio River                        -34     N to -27     N   unch  
(Evansville-Mt. Vernon IN.)

US 1 Yellow Soybeans   

Louisiana Gulf Delivered          +13     N to +15     N   up 3 - up 1    
Central Illinois Processors       -29     N to -17     N   unch          
Illinois River                    -57     N to -50     N   unch           
Ohio River                        -40     N to -20     N   unch              
(Evansville-Mt. Vernon) 

US 2 Soft Red Winter Wheat   

Louisiana Gulf Delivered           -85    N to -80     N   unch    
Ohio River                        -168    N to -145    N   unch           
(Evansville-Mt. Vernon) 

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
	  Louisiana Dept of Ag-USDA Market News Service
        Phone: 217-782-4925, in Illinois only toll free 888-458-4787       
        www.ams.usda.gov/mnreports/gx_gr119.txt


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