Iowa Daily Grain Prices

DES MOINES - May 15/08 - SNS -- Daily corn and soybean bids at interior elevator points in Iowa.

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 3 cents higher for a state average of 5.44.

US 1 Yellow Soybeans Prices were generally 30 to 32 cents lower for a state average of 12.62.

       Iowa Regions         #2 Yellow Corn           #1 Yellow Soybeans
                           Range        Avg        Range        Avg
       Northwest        5.51 – 5.67    5.57     12.57 – 12.82    12.67
       North Central    5.39 – 5.53    5.48     12.38 – 12.67    12.60
       Northeast        5.14 – 5.45    5.32     12.46 – 12.73    12.58
       Southwest        5.28 – 5.51    5.44     12.51 – 12.76    12.61
       South Central    5.41 – 5.52    5.46     12.63 – 12.68    12.66
       Southeast        5.18 – 5.44    5.32     12.57 – 12.73    12.65

Corn Basis to STATE AVERAGE PRICE for the CBOT July
contract is -.55

Soybean basis to STATE AVERAGE PRICE for the CBOT July
contract is -.85

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

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STAT News Service