Interior Iowa Elevator Grain Prices

NW_GR110

Tues. Aug. 28, 2012 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 5 cents lower for a state average of 7.92.
       
US 1 Yellow Soybean Prices were mixed from 3 cents higher to 3 cents lower for a state average of 17.19.

       Iowa Regions         #2 Yellow Corn        #1 Yellow Soybeans
                           Range        Avg        Range            Avg
       Northwest        7.81 – 7.93    7.88    17.12 – 17.47      17.22
       North Central    7.87 – 7.98    7.92    17.06 – 17.32      17.21
       Northeast        7.84 – 8.07    7.96    16.93 – 17.20      17.04
       Southwest        7.68 – 7.96    7.87    17.15 – 17.27      17.22
       South Central    7.87 – 8.00    7.91    16.97 – 17.32      17.22
       Southeast        7.85 – 8.02    7.94    17.06 – 17.22      17.17


Corn basis to STATE AVERAGE PRICE for the CBOT Sep contract is +.02
Soybean basis to STATE AVERAGE PRICE for the CBOT Sep contract is -.14


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.ams.usda.gov/LSmarketnews
 
       
Iowa Dept. of Agriculture 
515-281-8604                  
www.iowaagriculture.gov/dailygrain.html       
       
16:24 ja

1. Ag markets generally mixed again Tuesday morning
2. Will this summer be a repeat of 2012?
3. What do dairy exports mean for Minnesota?
4. Drop in U.S. underground water levels has accelerated
5. Farmland values: Not falling but not accelerating as fast
6. Seven jobs more dangerous than farming

1. 4 rules for growing a business or industry
2. D.C. Watch: Farm bill progressing
3. April milk production up 0.3 percent
4. Class III futures close out quietly last week
5. What are the drivers of profit in your dairy herd?
6. Corn market reacted poorly to the Crop Progress data

1. Commentary: Slanting the statistics
2. World food supply depends on character, virtuous leadership
3. Buffet concerned about soil and starvation
4. Cold spring stunts upper Midwest hay crop
5. N.M. rancher charged with 43 counts of animal cruelty
6. 2014 Farm Bill: Are we near an agreement?