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   52.91-54.16      DN 0.52          -175K to -50K  UNCH

46.5% Soybean Meal R414.50-425.50    UP 7.1           -21N to -10N   UNCH

46.5% Soybean Meal T414.50-425.50    UP 7.1           -21N to -10N   UNCH

Soybean Hulls-bulk  145.00-170.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            14.5800-14.9150  UP 6.25-UP 12    -45K to -14N   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, 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: March

Soybeans                        13.14
48% Soybean Meal R             347.80
48% Soybean Meal T             347.79
Soybean Hulls-bulk             151.82
Crude Soybean Oil               53.32

Source: USDA Market News Service, Des Moines, IA
        nina biensen  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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