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   48.98-50.13      DN 0.29-DN 0.39  -190N to -75N  UP 10-UNCH

46.5% Soybean Meal R415.20-425.20    DN 5.6-DN 7.6    -12N to -2N    UNCH-DN 2

46.5% Soybean Meal T415.20-425.20    DN 5.6-DN 7.6    -12N to -2N    UNCH-DN 2

Soybean Hulls-bulk  160.00-190.00    UNCH-UP 15

                    Bids             Change           Basis          Change
Soybeans            14.2550-14.5550  DN 12.25-DN 17.25-45N to -15N   UNCH-DN 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: 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


               1434Cnjb