Iowa Soybean Processor report

Thursday, September 8, 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   57.05-58.10      UP 0.62-UP 0.92  -125V to -20V  UNCH-UP 30

46.5% Soybean Meal R338.90-353.90    DN 3.4-UP 1.6    -30V to -15V   DN 2-UP 3

46.5% Soybean Meal T338.90-353.90    DN 3.4-UP 1.6    -30V to -15V   DN 2-UP 3

Soybean Hulls-bulk  225.00-255.00    UNCH-DN 5

                          Bids       Change           Basis          Change
Soybeans            13.6575-13.8575  DN 1.75-UP 2.25  -55X to -35X   UNCH-UP 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

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