Iowa Soybean Processor report

Saturday, May 19, 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   48.57-49.82      DN 0.4           -175N to -50N  UNCH

46.5% Soybean Meal R399.90-410.90    DN 10.1          -18N to -7N    UNCH

46.5% Soybean Meal T399.90-410.90    DN 10.1          -18N to -7N    UNCH

Soybean Hulls-bulk  150.00-170.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            13.6000-14.0500  DN 33-DN 31      -45N to OptN   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: April

Soybeans                        14.13
48% Soybean Meal R             384.32
48% Soybean Meal T             384.32
Soybean Hulls-bulk             159.60
Crude Soybean Oil               54.77

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

1431C               njb