Iowa Soybean Processor report

Friday, November 18, 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   51.50-52.90      DN 1.08          10Z to 150Z    UNCH

46.5% Soybean Meal R269.50-276.50    DN 2             -25Z to -18Z   UNCH

46.5% Soybean Meal T269.50-276.50    DN 2             -25Z to -18Z   UNCH

Soybean Hulls-bulk  200.00-225.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            11.2325-11.6325  DN 19.5-DN 17.5  -45F to -5F    UNCH-UP 2

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: October

Soybeans                        11.62
48% Soybean Meal R             288.80
48% Soybean Meal T             289.44
Soybean Hulls-bulk             238.10
Crude Soybean Oil               51.41

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

1413C               ajh