Interior Iowa Elevator Grain Prices

NW_GR110

Mon. May 21, 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 1 to 3 cents higher for a state average of 6.47.
       
US 1 Yellow Soybean Prices were generally 7 to 8 cents higher for a state average of 13.64.

       Iowa Regions         #2 Yellow Corn        #1 Yellow Soybeans
                           Range        Avg        Range            Avg
       Northwest        6.45 – 6.52    6.49    13.56 – 13.65      13.61
       North Central    6.41 – 6.55    6.47    13.47 – 13.63      13.56
       Northeast        6.26 – 6.58    6.45    13.34 – 13.88      13.65
       Southwest        6.37 – 6.51    6.45    13.59 – 13.84      13.73
       South Central    6.41 – 6.53    6.46    13.55 – 13.82      13.61
       Southeast        6.48 – 6.59    6.54    13.61 – 13.88      13.81


Corn basis to STATE AVERAGE PRICE for the CBOT Jul contract is +.14
Soybean basis to STATE AVERAGE PRICE for the CBOT Jul contract is -.49

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       
       
16:25 ja

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3. Beef research and resources update
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5. Help for flood affected farmers
6. Representative Lucas discusses new Farm Bill

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5. Domestic ethanol production starts to grow again
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