GX_GR211
Springfield, IL     Thu, Nov 19, 2009     USDA-IL Dept of Ag Market News

The National Oilseed Processors Association (NOPA) released their October
monthly crush report early this week.  The crush figure confirmed processors
crushed 155.3 million bushels of soybeans, which was above trade expectations.
The USDA’s weekly export sales report showed higher than expected sale figures
for soybean and soybean meal. Soybean sales totaled a net 1.349 million metric 
tons compared to trade estimates between 700,000 to 1.0 metric tons. Soybean meal 
sales pegged 367,800 metric tons versus estimates from 100,000 to 225,000 metric 
tons.  Soybean oil sales came in at 12,800 metric tons compared to trade estimates
between 5,000 to 20,000 tons.

Soybean prices compared with value of oil and meal
                                     This week     Last week     Last year
                             Unit  Nov 19, 2009  Nov 12, 2009  Nov 20, 2008
Soybean oil, crude
tank cars & trucks
Central IL.                   ¢/lb     37.38        36.50        29.00

Oil yield per
bushel crushed                 lb      11.43        11.43        11.72

Value from bushel
of soybeans                    $        4.27         4.17         3.40

48% Soybean Meal
unrestricted, bulk
Central IL.                 $/ton     340.40       324.50       260.70

Meal yield per
bushel crushed                lbs      43.91        43.91        43.87

Value from bushel
of soybeans                    $        7.47         7.12         5.72

Value of oil and
meal from bushel
of soybeans                    $       11.75        11.30         9.12

No. 1 Yellow Soybeans
truck price Central
IL. points                    $/bu     10.40         9.85         8.49

Difference between
soybean price & value
of oil & meal                  $        1.35         1.45         0.63

Estimated Processing
value from Univ. of Ill.
Stratsoy calculator           $/bu     11.54        11.13         9.04

Based on crushings and production of soybean meal & oil at plants reported
by Bureau of the Census for August 2009 and November 2008

This table is presented for statistical comparison and is not intended to
indicate operating margins.

Source: USDA-Illinois Dept of Ag Market News Springfield, IL
        Cordell Givens, Market Reporter 217-782-4925
        www.ams.usda.gov/mnreports/gx_gr211.txt

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