Per Regulation 1241.01, the territorial delivery differentials, in dollars per ton, for all Soybean Meal futures delivery months beginning with January 2007 and ending with December 2007 shall be the following:

Territory         2007 Differential
Central                         PAR
Northeast                     +2.00
Midsouth                      +8.00
Missouri                       +2.50
East Iowa                     -3.00
Northern                      -3.00

The current Soybean Meal futures territorial delivery differentials, in dollars per ton, for Soybean Meal futures delivery months through December 2006 are as follows:

Territory         2006 Differential
Central                         PAR
Northeast                     +3.00
Midsouth                      +8.00
Missouri                       +2.50
East Iowa                     -3.00
Northern                      -2.00

Questions in this regard may be directed to John D. Hill, O.I.A., at (312) 435-3592.