Iowa Soybean Processor report

Thursday, December 15, 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   48.33-49.58      DN 0.41-DN 0.67  -25Z to 100Z   UNCH

46.5% Soybean Meal R258.20-265.20    DN 2-UNCH        -24F to -17F   DN 2-UNCH

46.5% Soybean Meal T258.20-265.20    DN 2-UNCH        -24F to -17F   DN 2-UNCH

Soybean Hulls-bulk  155.00-185.00    UNCH-DN 10

                          Bids       Change           Basis          Change
Soybeans            10.6000-11.0000  DN 18.5          -40F to OptF   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: November

Soybeans                        11.62
48% Soybean Meal R             278.88
48% Soybean Meal T             278.88
Soybean Hulls-bulk             215.20
Crude Soybean Oil               51.41

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

1430C               njb