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   47.35-48.35      DN 0.62          -175N to -75N  UNCH

46.5% Soybean Meal R410.00-418.00    DN 11            -12N to -4N    UNCH

46.5% Soybean Meal T410.00-418.00    DN 11            -12N to -4N    UNCH

Soybean Hulls-bulk  155.00-170.00    UNCH

                          Bids       Change           Basis          Change
Soybeans            13.5575-14.0825  DN 23.5-DN 33.75 -22Q to OptN   UNCH-DN 7

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: May

Soybeans                        13.95
48% Soybean Meal R             403.64
48% Soybean Meal T             403.64
Soybean Hulls-bulk             158.59
Crude Soybean Oil               50.51

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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