NW_GR110 Wed. Oct. 28, 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 2 to 4 cents lower for a state average of 3.41.
       
US 1 Yellow Soybeans Prices were generally 5 to 6 cents lower for a state average of 9.25.



       Iowa Regions         #2 Yellow Corn           #1 Yellow Soybeans
                           Range        Avg        Range        Avg
       Northwest        3.27 – 3.49    3.39     9.18 – 9.28     9.21
       North Central    3.34 – 3.54    3.41     9.17 – 9.29     9.22
       Northeast        3.42 – 3.51    3.47     9.16 – 9.43     9.29
       Southwest        3.12 – 3.42    3.31     9.11 – 9.23     9.23
       South Central    3.34 – 3.49    3.38     9.21 – 9.39     9.26
       Southeast        3.36 – 3.54    3.45     9.26 – 9.49     9.38


Corn basis to STATE AVERAGE PRICE for the CBOT Dec.
contract is -.28

Soybean basis to STATE AVERAGE PRICE for the CBOT Nov.
contract is -.43
      
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       
       
16:12 ja