Iowa Soybean Processor report

Wednesday, October 31, 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   47.59-49.09      DN 0.34-DN 0.09  -250Z to -100Z DN 25-UNCH

46.5% Soybean Meal R478.00-488.00    UP 3.5           2Z to 12Z      UNCH

46.5% Soybean Meal T478.00-488.00    UP 3.5           2Z to 12Z      UNCH

Soybean Hulls-bulk  190.00-220.00    UNCH-DN 10

                    Bids             Change           Basis          Change
Soybeans            14.9875-15.4375  UP 6.5           -35X 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
        nina biensen  515-284-4460
        24 Hour recorded market information 515-284-4830