Closing cash grain bids offered to producers as of 3 p.m. Monday, Dec. 16. Dollars per bushel, delivered to Interior Iowa Country Elevators. US 2 Yellow Corn Prices were generally 2 to 3 cents lower for a state average of $4.16.
US 1 Yellow Soybean Prices were generally 9 to 11 cents higher for a state average of $12.91.
Iowa Regions: North Central, #2 Yellow Corn range 4.08 to 4.31, corn range average 4.20, #1 Yellow Soybean range 12.86 to 12.96, soybean range average 12.92; South Central, #2 Yellow Corn range 4.10 to 4.36, corn range average 4.19, #1 Yellow Soybean range 12.90 to 12.98, soybean range average 12.94.
Corn basis to state average price for the CBOT MAR contract is -.08. 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.