NW_GR110 Thurs. July 2, 2009   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 9 to 11 cents lower for a state average of 3.12.
       
US 1 Yellow Soybeans Prices were generally 7 to 12 cents lower for a state average of 11.87.



       Iowa Regions         #2 Yellow Corn           #1 Yellow Soybeans
                           Range        Avg        Range        Avg
       Northwest        3.03 – 3.17    3.10    11.61 – 11.89   11.74
       North Central    3.07 – 3.14    3.09    11.61 – 11.90   11.77
       Northeast        3.07 – 3.27    3.14    11.86 – 12.32   12.11
       Southwest        2.92 – 3.14    3.06    11.64 – 11.84   11.76
       South Central    3.08 – 3.34    3.16    11.86 – 11.96   11.90
       Southeast        3.12 – 3.31    3.22    11.99 – 12.35   12.22


Corn basis to STATE AVERAGE PRICE for the CBOT Sept.
contract is -.35

Soybean basis to STATE AVERAGE PRICE for the CBOT Aug
contract is +.33
      
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       
       
16:15 ja