Interior Iowa Elevator Grain Prices

NW_GR110

Mon. May 7, 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 steady to 4 cents higher for a state average of 6.28.
       
US 1 Yellow Soybean Prices were mostly 12 cents lower for a state average of 14.16.

       Iowa Regions         #2 Yellow Corn        #1 Yellow Soybeans
                           Range        Avg        Range            Avg
       Northwest        6.13 – 6.27    6.23    14.09 – 14.17      14.12
       North Central    6.20 – 6.33    6.25    14.00 – 14.16      14.09
       Northeast        6.15 – 6.51    6.34    14.06 – 14.40      14.19
       Southwest        6.14 – 6.36    6.22    14.06 – 14.28      14.18
       South Central    6.19 – 6.40    6.27    14.08 – 14.31      14.13
       Southeast        6.34 – 6.49    6.42    14.14 – 14.44      14.34


Corn basis to STATE AVERAGE PRICE for the CBOT Jul contract is +.08
Soybean basis to STATE AVERAGE PRICE for the CBOT Jul contract is -.50

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       
       
16:00 ja

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