Iowa Soybean Processor report

Tuesday, February 28, 2012

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   52.90-53.90      UP 0.11          -150H to -50H  UNCH

46.5% Soybean Meal R317.90-323.90    UP 7.3           -23H to -17H   UNCH

46.5% Soybean Meal T317.90-323.90    UP 7.3           -23H to -17H   UNCH

Soybean Hulls-bulk  140.00-165.00    UP 5-UNCH

                          Bids       Change           Basis          Change
Soybeans            12.4875-12.7375  UP 11.75-UP 14.75-45H to -20H   DN 3-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: January

Soybeans                        11.70
48% Soybean Meal R             292.13
48% Soybean Meal T             292.21
Soybean Hulls-bulk             167.94
Crude Soybean Oil               50.22

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

1434C               njb