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Iowa Daily Grain Prices

DES MOINES - May 11/04 - 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 generally steady to 2 cents higher
  for a state average of 2.74

  US 1 Yellow Soybeans generally 9 to 12 cents higher
  for a state average of 10.32

Iowa Regions   US 2 Yellow Corn  US 1 Yellow Soybeans
   Northwest        2.68 � 2.79       10.30 � 10.40
   North Central    2.62 - 2.74       10.22 � 10.40
   Northeast        2.72 � 2.92       10.18 � 10.38
   Southwest        2.64 - 2.76       10.21 � 10.33
   South Central    2.71 � 2.90       10.24 - 10.32
   Southeast        2.76 � 2.90       10.24 � 10.33

Corn Basis to STATE AVERAGE PRICE for the CBOT May
contract is -$.22
Soybean basis to STATE AVERAGE PRICE for the CBOT May
contract is -$.22

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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