NW_GR110 Wed. Nov. 4, 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 6 cents lower for a state average of 3.54.
       
US 1 Yellow Soybeans Prices were generally 7 to 12 cents lower for a state average of 9.52.



       Iowa Regions         #2 Yellow Corn           #1 Yellow Soybeans
                           Range        Avg        Range        Avg
       Northwest        3.42 – 3.64    3.53     9.45 – 9.54     9.50
       North Central    3.49 – 3.69    3.55     9.44 – 9.57     9.52
       Northeast        3.53 – 3.66    3.59     9.33 – 9.73     9.50
       Southwest        3.22 – 3.59    3.43     9.36 – 9.59     9.49
       South Central    3.49 – 3.54    3.52     9.52 – 9.62     9.55
       Southeast        3.44 – 3.60    3.54     9.54 – 9.69     9.61


Corn basis to STATE AVERAGE PRICE for the CBOT Dec.
contract is -.30

Soybean basis to STATE AVERAGE PRICE for the CBOT Jan.
contract is -.47
      
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       
       
16:30 ja