Iowa Soybean Processor report

Saturday, August 4, 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   50.04-51.29      UP 0.5           -200Q to -75Q  UNCH

46.5% Soybean Meal R533.60-549.60    UP 5.9-UP 7.9    2Q to 18Q      DN 2-UNCH

46.5% Soybean Meal T533.60-549.60    UP 5.9-UP 7.9    2Q to 18Q      DN 2-UNCH

Soybean Hulls-bulk  310.00-325.00    UNCH

                    Bids             Change           Basis          Change
Soybeans            16.2875-16.9875  UP 2.25-UP 7.25  OptX to 70X    DN 10-DN 5

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