Iowa Soybean Processor report

Wednesday, October 26, 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   51.00-53.50      DN 0.29-UP 0.21  -50Z to 200Z   UNCH-UP 50

46.5% Soybean Meal R297.20-304.20    UP 0.7           -25Z to -18Z   UNCH

46.5% Soybean Meal T297.20-304.20    UP 0.7           -25Z to -18Z   UNCH

Soybean Hulls-bulk  210.00-250.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            11.8050-12.1050  DN 1.25          -45X to -15X   UNCH

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: September

Soybeans                        12.93
48% Soybean Meal R             323.91
48% Soybean Meal T             324.65
Soybean Hulls-bulk             243.57
Crude Soybean Oil               54.89

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

1430C               njb