Iowa Soybean Processor report

Wednesday, September 7, 2011

Iowa Processor Bids and Offers as of 2:30 p.m.
(Prices Quoted-Oil Cents/lb, Meal, Hulls Dollars/ton, Grains Dollars/bu)

                         Offers      Change           Basis          Change
Crude Soybean Oil   56.43-57.18      DN 0.2-DN 0.06   -125V to -50V  UNCH

46.5% Soybean Meal R342.30-352.30    DN 9.6           -28V to -18V   UNCH

46.5% Soybean Meal T342.30-352.30    DN 9.6           -28V to -18V   UNCH

Soybean Hulls-bulk  225.00-260.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            13.6750-13.8350  DN 25.25-DN 27.25-55X to -39X   DN 2-DN 4

Changes in oil are cents per pound, changes in meals/hulls are dollars
per ton, changes in soybeans are cents per bushel.
Soybeans = US 1 Yellow; Soybean Meal R = Rail, T = Truck

Chicago Board of Trade month symbols: F January, G February, H March, J April,
K May, M June, N July, Q August, U September, V October, X November, Z December
Monthly Prices for: August

Soybeans                        13.48
48% Soybean Meal R             340.63
48% Soybean Meal T             340.93
Soybean Hulls-bulk             212.95
Crude Soybean Oil               54.78

Source: USDA Market News Service, Des Moines, IA
        nina biensen  515-284-4460
        24 Hour recorded market information 515-284-4830

1428C               njb