Agricultural Marketing

Daily Grain Report

NW_GR 110

Wed. May 16, 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 23-25 cents higher for a state average of 6.34.

US 1 Yellow Soybean Prices were mostly 9 cents higher for a state average of 13.73.

Iowa Regions	#2 Yellow Corn		#1 Yellow Soybeans
	Range	Avg.	Range	Avg.
Northwest	6.28 - 6.39	6.34	13.67- 13.74	13.71
North Central	6.30 - 6.42	6.33	13.57 - 13.72	13.66
Northeast	6.19 - 6.40	6.32	13.32 - 14.00	13.73
Southwest	6.27 - 6.38	6.33	13.69 - 13.92	13.80
South Central	6.26 - 6.43	6.32	13.65- 13.87	13.70
South East	6.32 - 6.46	6.40	13.68 - 14.05	13.89

 

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

An audio version is available At 800-383-3755
      
Source:  USDA Market News Des Moines, Iowa
515-284-4460  www.marketnews.usda.gov
      
Iowa Dept of Agriculture 515-281-8604

16:29 bl

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