Interior Iowa Elevator Grain Prices

NW_GR110
Fri. April 13, 2012 IA Dept. of Ag-USDA Market News 

Interior Iowa Daily Grain Prices
       
Closing cash grain bids offered to producers as of 2:30 p.m.
Dollars per bushel, delivered to Interior Iowa Country Elevators.


US 2 Yellow Corn Prices were generally 7 to 9 cents lower for a state average of 6.12.
       
US 1 Yellow Soybean Prices were generally 4 to 5 cents lower for a state average of 13.85.

       Iowa Regions         #2 Yellow Corn        #1 Yellow Soybeans
                           Range        Avg        Range            Avg
       Northwest        6.09 – 6.23    6.15    13.80 – 13.85      13.82
       North Central    6.06 – 6.16    6.09    13.72 – 13.83      13.78
       Northeast        6.00 – 6.23    6.10    13.77 – 14.14      13.92
       Southwest        6.04 – 6.24    6.14    13.82 – 13.96      13.88
       South Central    6.06 – 6.27    6.14    13.74 – 13.92      13.79
       Southeast        6.11 – 6.26    6.17    13.82 – 14.18      13.85


Corn basis to STATE AVERAGE PRICE for the CBOT May contract is -.17
Soybean basis to STATE AVERAGE PRICE for the CBOT May contract is -.51

This report was prepared by the Marketing Bureau, Iowa Department of 
Agriculture and Land Stewardship. An audio version is available at
800-383-3755.
       
Source:  USDA Market News Des Moines, Iowa
515-284-4460   www.ams.usda.gov/LSmarketnews
 
       
Iowa Dept. of Agriculture 
515-281-8604                  
www.iowaagriculture.gov/dailygrain.html       
       
16:15 hh

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6. Oklahoma Cattle on Feed unchanged

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5. Prices for corn and soybeans, five years from now
6. Senate Agriculture Committee completes Farm Bill markup

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