Minneapolis, MN Soybean Processing Report

MS_GR117
Minneapolis, MN    Mon Apr 23, 2012    USDA Market News

Minnesota Soybean Processor report

Minnesota 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       53.84- 54.59      dn 0.74          -125K to -50 K unch

46.5% Soybean Meal R   371.80- 379.50     dn 6.2-6.4       -28 K to -24 N unch

46.5% Soybean Meal T   371.80- 386.50     dn 6.2-6.4       -28 K to -17 N unch

Soybean Hulls-bulk     160.00- 170.00     unch

Soybean Hulls-pellets  160.00- 170.00     unch

                             Bids         Change                 Basis    Change
Soybeans              13.9725- 14.1525    dn 9.5           -40 K to -22 K 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, H March, K May, N July,
Q August, U September, V October, X November, Z December

Source:  USDA Market News Service, Minneapolis, MN
         Carol Meinders 612-370-3258 Minneapolis.LGMN@ams.usda.gov
         24 hour price information 612-370-3260
         www.ams.usda.gov/mnreports/MS_GR117.txt
         www.ams.usda.gov/lsmarketnews


13:57    c  els

1. Workshop to discuss nutrient application, management, stewardship
2. Help for flood affected farmers
3. Representative Lucas discusses new Farm Bill
4. U.S. May consumer sentiment highest in nearly 6 years
5. Cattle producers turn to MSU for reproduction class
6. NCBA Op-Ed: EPA’s data sharing incident a debacle

1. New school lunch beef recipes win approval from kids, foodservice
2. Drier weather to give big boost to U.S. corn plantings
3. Prices for corn and soybeans, five years from now
4. Agriculture is expected to remain strong in the coming decade
5. What sick day? Farmers take just three a year
6. Senate Agriculture Committee completes Farm Bill markup

1. Insects. They’re what’s for dinner!
2. Tyson selects panel to monitor animal welfare program
3. World food supply depends on character, virtuous leadership
4. Commentary: Slanting the statistics
5. Buffet concerned about soil and starvation
6. Cold spring stunts upper Midwest hay crop