Iowa Soybean Processor report

Saturday, December 31, 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   51.34-52.34      UP 0.95          -75F to 25F    UNCH

46.5% Soybean Meal R286.10-294.10    UP 2.3           -27H to -19H   UNCH

46.5% Soybean Meal T286.10-294.10    UP 2.3           -27H to -19H   UNCH

Soybean Hulls-bulk  155.00-175.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            11.5850-11.8350  UP 11            -40F to -15F   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
        John Kimbrell  515-284-4460
        24 Hour recorded market information 515-284-4830

1445C               JDK