Iowa Soybean Processor report

Wednesday, May 30, 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   48.42-49.67      UP 0.05          -175N to -50N  UNCH

46.5% Soybean Meal R394.50-405.50    UP 3.2           -18N to -7N    UNCH

46.5% Soybean Meal T394.50-405.50    UP 3.2           -18N to -7N    UNCH

Soybean Hulls-bulk  150.00-170.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            13.4175-13.9175  UP 4.75          -45N to 5N     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: 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
        ninq biensen  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


1435C               njb