NW_GR110    Thu. Jul. 03 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 mixed from 3 cents lower to 2 cents higher for a state average of 6.88.
       
US 1 Yellow Soybeans Prices were generally 9 to 10 cents higher for a state average of 15.68.

       Iowa Regions         #2 Yellow Corn           #1 Yellow Soybeans
                           Range        Avg        Range        Avg
       Northwest        6.96 – 7.11    7.02     15.63 – 15.77    15.71
       North Central    6.80 – 6.98    6.92     15.48 – 15.72    15.63
       Northeast        6.50 – 6.92    6.71     15.44 – 15.87    15.63
       Southwest        6.77 – 6.99    6.92     15.54 – 15.78    15.69
       South Central    6.83 – 6.99    6.93     15.52 – 15.79    15.69
       Southeast        6.53 – 6.89    6.74     15.68 – 16.01    15.85
       
Corn Basis to STATE AVERAGE PRICE for the CBOT September
contract is -.69
       
Soybean basis to STATE AVERAGE PRICE for the CBOT August
contract is -.81
      
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/dailygrain.html       
       
16:00 hh.