NW_GR110 Thurs. Feb. 12, 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 steady to 3 cents lower for a state average of 3.42.
       
US 1 Yellow Soybeans Prices were generally 8 to 10 cents lower for a state average of 9.19

       Iowa Regions         #2 Yellow Corn           #1 Yellow Soybeans
                           Range        Avg        Range        Avg
       Northwest        3.31 – 3.48    3.42      9.17 – 9.24    9.19
       North Central    3.40 – 3.46    3.42      8.99 – 9.18    9.14
       Northeast        3.33 – 3.48    3.39      8.98 – 9.39    9.15
       Southwest        3.22 – 3.48    3.39      9.14 – 9.35    9.22
       South Central    3.38 – 3.56    3.45      9.18 – 9.29    9.22
       Southeast        3.27 – 3.52    3.42      9.22 – 9.48    9.35


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

Soybean basis to STATE AVERAGE PRICE for the CBOT March
contract is -.49
      
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       
       
16:11 ja