NW_GR110 Fri. Oct. 16, 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 mostly 1 cent lower for a state average of 3.47.
       
US 1 Yellow Soybeans Prices were generally 5 to 6 cents lower for a state average of 9.34.



       Iowa Regions         #2 Yellow Corn           #1 Yellow Soybeans
                           Range        Avg        Range        Avg
       Northwest        3.31 – 3.72    3.49     9.27 – 9.37     9.29
       North Central    3.34 – 3.62    3.46     9.22 – 9.38     9.29
       Northeast        3.44 – 3.59    3.53     9.20 – 9.57     9.37
       Southwest        3.24 – 3.52    3.39     9.20 – 9.48     9.32
       South Central    3.37 – 3.47    3.41     9.22 – 9.48     9.31
       Southeast        3.37 – 3.55    3.47     9.33 – 9.65     9.54


Corn basis to STATE AVERAGE PRICE for the CBOT Dec.
contract is -.25

Soybean basis to STATE AVERAGE PRICE for the CBOT Nov.
contract is -.44
      
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       
       
16:14 ja