Iowa Soybean Processor report

Friday, August 3, 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   49.54-50.79      DN 0.19          -200Q to -75Q  UNCH

46.5% Soybean Meal R527.70-541.70    DN 17.5-DN 13.5  4Q to 18Q      DN 4-UNCH

46.5% Soybean Meal T527.70-541.70    DN 17.5-DN 13.5  4Q to 18Q      DN 4-UNCH

Soybean Hulls-bulk  310.00-325.00    UNCH-UP 5

                    Bids             Change           Basis          Change
Soybeans            16.2650-16.9150  DN 12.5-DN 22.5  10X to 75X     UNCH-DN 10

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: July

Soybeans                        16.17
48% Soybean Meal R             504.15
48% Soybean Meal T             504.15
Soybean Hulls-bulk             230.25
Crude Soybean Oil               51.98

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