NOTICE:  As Market News transitions reports to the MARS platform and My Market News, report formats will be converted from a text version to a more user-friendly and accessible PDF format. In the next few weeks, this report will move to the new platform and will be accessible at: https://www.ams.usda.gov/mnreports/AMS_2850.pdf  If you would like to learn more about MARS and My Market News please contact us at Websupport.lpgmn@ams.usda.gov. NW_GR110 Des Moines, IA Fri July 31, 2020 IA Dept of Ag-USDA Market News IA Dept. of Ag-USDA Market News Interior Iowa Daily Grain Prices Closing cash grain bids offered to producers as of 1:30 p.m. Dollars per bushel, delivered to Interior Iowa Country Elevators. US 2 Yellow Corn Prices were mostly steady for a state average of 2.85. US 1 Yellow Soybean Prices were mostly 4 cents higher for a state average of 8.41. Iowa Regions #2 Yellow Corn #1 Yellow Soybeans Range Avg Range Avg Northwest 2.74 – 2.84 2.80 8.21 – 8.36 8.31 North Central 2.79 – 2.92 2.83 8.32 – 8.46 8.37 Northeast 2.79 – 2.94 2.86 8.46 – 8.74 8.56 Southwest 2.76 – 2.91 2.85 8.28 – 8.41 8.34 South Central 2.78 – 3.06 2.84 8.26 – 8.36 8.32 Southeast 2.80 – 3.10 2.94 8.43 – 8.81 8.67 Corn basis to STATE AVERAGE PRICE for the CBOT SEP contract -.31 Soybean basis to STATE AVERAGE PRICE for the CBOT AUG contract -.57 This report was prepared by the Marketing Bureau, Iowa Department of Agriculture and Land Stewardship. Source: USDA Market News Des Moines, Iowa 515-284-4460 www.ams.usda.gov/mnreports/nw_gr110.txt Iowa Dept. of Agriculture and Land Stewardship 515-281-8604 www.iowaagriculture.gov/agMarketing/dailyGrainPrices.asp 17:10 ja