Interior Iowa Elevator Grain Prices

NW_GR110

Tues. Dec. 4, 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 lower for a state average of 7.49.
       
US 1 Yellow Soybean Prices were generally 1 to 2 cents higher for a state average of 14.24.

       Iowa Regions         #2 Yellow Corn        #1 Yellow Soybeans
                           Range        Avg        Range            Avg
       Northwest        7.52 – 7.65    7.58    14.21 – 14.39      14.30
       North Central    7.42 – 7.54    7.49    14.16 – 14.26      14.23
       Northeast        7.30 – 7.59    7.44    14.03 – 14.27      14.15
       Southwest        7.39 – 7.67    7.51    14.23 – 14.42      14.31
       South Central    7.42 – 7.59    7.49    14.15 – 14.41      14.24
       Southeast        7.34 - 7.48    7.42    14.13 – 14.27      14.20


Corn basis to STATE AVERAGE PRICE for the CBOT Mar contract is -.03
Soybean basis to STATE AVERAGE PRICE for the CBOT Jan contract is -.31

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       
       
16:20 ja

1. UNL crop-residue presentations available online
2. Cow slaughter through May likely to exceed same period in 2012
3. Beef Quiz: Growing beef demand
4. AFBF president issues statement on U.S.-EU trade negotiations
5. E. coli test leads to National Beef recall
6. Buckle your seatbelt for the House consideration of the farm bill

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. 3,000 pounds of copper wire stolen from Oklahoma ranch
3. Changes in U.S.-Mexican cattle and beef trade
4. Crude oil expected to peak and cost of electricity to go down
5. Peterson Brothers: What summer vacation?
6. Experts weigh in on lowest beef supply in 60 years

1. COOL isn’t working
2. Feedyard margins a train wreck, packers cozy
3. 2100: 11 billion mouths to feed
4. New tools emerging to measure soil health
5. Changes in U.S.-Mexican cattle and beef trade
6. How to grow beef demand