NW_GR110 Tues. Feb.9, 2010 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 2 to 5 cents higher for a state average of 3.30. US 1 Yellow Soybean Prices were generally 3 to 5 cents lower for a state average of 8.76. Iowa Regions #2 Yellow Corn #1 Yellow Soybeans Range Avg Range Avg Northwest 3.18 – 3.34 3.27 8.69 – 8.84 8.76 North Central 3.27 – 3.39 3.32 8.65 – 8.75 8.71 Northeast 3.26 – 3.41 3.32 8.66 – 8.88 8.76 Southwest 3.14 – 3.34 3.27 8.68 – 8.87 8.77 South Central 3.24 – 3.38 3.30 8.74 – 8.91 8.79 Southeast 3.26 – 3.36 3.30 8.57 – 8.91 8.84 Corn basis to STATE AVERAGE PRICE for the CBOT Mar. contract is -.28 Soybean basis to STATE AVERAGE PRICE for the CBOT Mar. contract is -.49 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 16:28 ja