Daily Grain Report

NW_GR110 Mon. May 12, 2008   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 13 to 15 cents lower for a state average of 5.61.

US 1 Yellow Soybeans Prices were generally 15 to 16 cents lower for a state average of 12.56.

Iowa Regions	#2 Yellow Corn		#1 Yellow Soybeans
	Range	Avg.	Range	Avg.
Northwest	5.62 - 5.83	5.72	12.52 - 12.78	12.61
North Central	5.54 - 5.68	5.63	12.33 - 12.64	12.51
Northeast	5.27 - 5.66	5.51	12.41 - 12.73	12.55
Southwest	5.51 - 5.67	5.61	12.49 - 12.63	12.55
South Central	5.57 - 5.70	5.62	12.59 - 12.64	12.62
South East	5.39 - 5.60	5.53	12.48 - 12.66	12.58

Corn Basis to STATE AVERAGE PRICE for the CBOT July contract is -.54

Soybean basis to STATE AVERAGE PRICE for the CBOT July contract is -.86

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.marketnews.usda.gov

Iowa Dept of Agriculture 515-281-8604
www.iowaAgriculture.gov/agMarketing/dailyGrainPrices.asp

16:00 rw

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Mailing Address: IDALS, Wallace State Office Building, 502 E. 9th Street, Des Moines, IA 50319: PH: 515-281-5321