Iowa Soybean Processor report

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   54.10-55.60      DN 0.41          -200Q to -50Q  UNCH

46.5% Soybean Meal R335.80-350.80    DN 7.2-DN 15.2   -20Q to -5Q    UNCH-DN 8

46.5% Soybean Meal T339.80-350.80    DN 8.2-DN 15.2   -16Q to -5Q    DN 1-DN 8

Soybean Hulls-bulk  180.00-220.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            13.3550-13.7050  DN 14.75-DN 9.75 -30Q to 5Q     UNCH-UP 5

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: June 2011

Soybeans                        13.47
48% Soybean Meal R             339.56
48% Soybean Meal T             339.27
Soybean Hulls-bulk             176.04
Crude Soybean Oil               55.11

Source: USDA Market News Service, Des Moines, IA
        Taylor Cox  515-284-4460  Desm.LGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_GR116.txt
        www.ams.usda.gov/LSMarketNews


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