Iowa Soybean Processor report

Wednesday, October 17, 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   48.47-49.72      UP 0.21-UP 1.21  -200Z to -75Z  DN 25-UP 75

46.5% Soybean Meal R450.80-459.80    DN 3.3           -2Z to 7Z      UNCH

46.5% Soybean Meal T450.80-459.80    DN 3.3           -2Z to 7Z      UNCH

Soybean Hulls-bulk  180.00-230.00    UP 5-UNCH

                    Bids             Change           Basis          Change
Soybeans            14.4375-14.8375  UP 1.25          -50X to -10X   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: September

Soybeans                        16.65
48% Soybean Meal R             508.49
48% Soybean Meal T             508.49
Soybean Hulls-bulk             237.76
Crude Soybean Oil               54.17

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