Minneapolis, MN Soybean Processing Report

MS_GR117
Minneapolis, MN    Fri May 04, 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       52.15- 53.15      dn 0.51          -150N to -50 N unch

46.5% Soybean Meal R   407.60- 411.60     up 11.2-6.2      -25 N to -21 N up 5-unch

46.5% Soybean Meal T   407.60- 417.60     up 11.2-6.2      -25 N to -15 N up 5-unch

Soybean Hulls-bulk     170.00- 175.00     unch-up 5

Soybean Hulls-pellets  170.00- 175.00     unch-up 5

                             Bids         Change                 Basis    Change
Soybeans              14.3025- 14.5325    up 4.75          -48 N to -25 N 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


13:52    c  cam

1. U.S. cattle placements rise in April as feed costs subside
2. Beef bull management refresher
3. Beef research and resources update
4. Workshop to discuss nutrient application, management, stewardship
5. Help for flood affected farmers
6. Representative Lucas discusses new Farm Bill

1. New school lunch beef recipes win approval from kids, foodservice
2. Prices for corn and soybeans, five years from now
3. The relationship between retail gasoline prices and futures prices
4. Drier weather to give big boost to U.S. corn plantings
5. Domestic ethanol production starts to grow again
6. Agriculture is expected to remain strong in the coming decade

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