Iowa Soybean Processor report

Thursday, March 15, 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   53.01-54.30      DN 0.01-DN 0.07  -150H to -50K  UNCH

46.5% Soybean Meal R344.20-348.20    UP 1.1           -23K to -19K   UNCH

46.5% Soybean Meal T344.20-348.20    UP 1.1           -23K to -19K   UNCH

Soybean Hulls-bulk  145.00-165.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            13.0325-13.2325  UP 1.5           -47K to -27K   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
        John Kimbrell  515-284-4460  Desm.LGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_GR116.txt
        www.ams.usda.gov/LSMarketNews


1443C               JDK