Indiana & Ohio Soybean Processors Report

GX_GR217
Springfield, IL     Wed, May 09, 2012     USDA-IL Dept of Ag Market News

Weekly Indiana-Ohio Soybean Processor report

Indiana-Ohio Processor Bids and Offers as of 10:30 a.m.
(Prices Quoted-Oil Cents/lb, Meal, Hulls Dollars/ton, Grains Dollars/bu)


                         Offers          Change           Basis        Change
Crude Soybean Oil     52.02-52.77    DN 1.39-DN 1.64  -125N to -50N   UP 25-UNCH

48% Soybean Meal R   411.30-419.30   DN 18.90-DN 14.90   -6N to 2N     DN 2-UP 2

48% Soybean Meal T   416.30-423.30   DN 15.90-DN 14.90   -1N to 6N     UP 1-UP 2

Soybean Hulls-bulk   150.00-175.00        UNCH
              Mostly 150.00-165.00

                          Bids           Change           Basis        Change
Soybeans            14.1825-14.6425 DN 65.25-DN 57.25 -20N to 26N    UNCH-UP 8
             Mostly 14.3025-14.4625                    -8N to  8N

Changes in oil are cents per pound, changes in meals/hulls are dollars
per ton, changes in soybeans are cents per bushel.
Changes are from the previous week
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

Source: USDA-IL Dept of Ag Market News Service, Springfield, IL
        Kent McFarland  217-782-4925  SpringField.LGMN@ams.usda.gov
        In state only toll free 888-458-4787
        www.ams.usda.gov/mnreports/GX_GR217.txt
        www.ams.usda.gov/LSMarketNews

855C                KM

1. Corn and soybean prices continue to retrace 2012 drought rally
2. Ag markets generally mixed to start this week
3. USDA announces Conservation Reserve Program sign-up
4. South Dakota State University dairy faculty works With USAID
5. What are the drivers of profit in your dairy herd?
6. Fire kills 17 calves at Idaho farm

1. Class III futures close out quietly last week
2. D.C. Watch: Farm bill progressing
3. Weather report: Rain spreads across the Corn Belt
4. Farmers dodge showers to plant corn at breakneck pace
5. Ag markets were mixed to start the new week
6. Fire kills 17 calves at Idaho farm

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. Commentary: Slanting the statistics
3. World food supply depends on character, virtuous leadership
4. Buffet concerned about soil and starvation
5. Cold spring stunts upper Midwest hay crop
6. N.M. rancher charged with 43 counts of animal cruelty