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   49.48-50.73      DN 0.56          -200Q to -75Q  UNCH

46.5% Soybean Meal R520.20-536.20    DN 13.4          2Q to 18Q      UNCH

46.5% Soybean Meal T520.20-536.20    DN 13.4          2Q to 18Q      UNCH

Soybean Hulls-bulk  235.00-320.00    DN 75-DN 5

                    Bids             Change           Basis          Change
Soybeans            15.8425-16.4925  DN 44.5-DN 49.5  OptX to 65X    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: July

Soybeans                        16.17
48% Soybean Meal R             504.15
48% Soybean Meal T             504.15
Soybean Hulls-bulk             230.25
Crude Soybean Oil               51.98

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


               1438Cnjb