CHICAGO: Soymeal spot basis offers were quietly unchanged at US rail, truck and export markets on Monday as buyers remained on the sidelines ahead of Tuesday's New Year's Day holiday, dealers said.
* Lower prices for the animal feed did not entice any new buying as end users held out for further declines.
* Soymeal futures were on pace to increase more than 37 percent for the year, in the largest annual gain since 2007, but futures were headed for their fourth straight monthly decline and their worst quarterly performance since 2010.
* Rail shipments of the animal feed were slowed or halted by the holiday season and snowfall across much of the central United States. But many end users purchased extra loads before the holiday, limiting any potential impact from the transportation slowdown.
* The CME Group posted nine deliveries on fist notice day against CBOT January soymeal, above expectations of zero deliveries.
* Most-active March soymeal was down 70 cents at $424.10 per ton in thin trading as of 11:51 a.m. CST (1751 GMT).
Center>Copyright Reuters, 2012
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