Interior Iowa Elevator Grain Prices

NW_GR110

Tues. June 12, 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 mostly 8 cents lower for a state average of 6.05.
       
US 1 Yellow Soybean Prices were mostly 10 cents higher for a state average of 13.89.

       Iowa Regions         #2 Yellow Corn        #1 Yellow Soybeans
                           Range        Avg        Range            Avg
       Northwest        5.97 – 6.11    6.06    13.77 – 13.95      13.83
       North Central    5.96 – 6.14    6.02    13.61 – 13.83      13.78
       Northeast        5.86 – 6.18    6.06    13.79 – 14.23      13.97
       Southwest        5.93 – 6.11    6.03    13.81 – 14.10      13.96
       South Central    5.93 – 6.11    6.03    13.82 – 14.04      13.87
       Southeast        6.06 – 6.15    6.11    13.87 – 14.25      14.13


Corn basis to STATE AVERAGE PRICE for the CBOT Jul contract is +.21 Soybean basis to STATE AVERAGE PRICE for the CBOT Jul contract is -.46

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       
       
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