Iowa Soybean Processor report

Thursday, June 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   49.36-50.61      UP 0.38-UP 0.48  -200N to -75N  DN 10-UNCH

46.5% Soybean Meal R416.00-426.00    UP 0.8           -12N to -2N    UNCH

46.5% Soybean Meal T416.00-426.00    UP 0.8           -12N to -2N    UNCH

Soybean Hulls-bulk  160.00-190.00    UNCH

                    Bids             Change           Basis          Change
Soybeans            14.2600-14.5300  UP 0.5-DN 2.5    -45N to -18N   UNCH-DN 3

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