Iowa Soybean Processor report

Thursday, June 7, 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   47.50-48.50      UP 0.75          -175N to -75N  UNCH

46.5% Soybean Meal R402.60-410.60    UP 14.3          -12N to -4N    UNCH

46.5% Soybean Meal T402.60-410.60    UP 14.3          -12N to -4N    UNCH

Soybean Hulls-bulk  150.00-170.00    UP 5-UNCH

                          Bids       Change           Basis          Change
Soybeans            13.4125-13.9325  UP 36.75         -45N to 7N     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: May

Soybeans                        13.95
48% Soybean Meal R             403.64
48% Soybean Meal T             403.64
Soybean Hulls-bulk             158.59
Crude Soybean Oil               50.51

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

1425C               njb