US Cash Soymeal-Rail, truck market steady; demand weak

CHICAGO: Spot basis offers for US soymeal held steady at rail and truck market processors on Tuesday, dealers said.

Demand was light. Most end users had booked enough supplies ahead of time to last them through May and there was little call for extra loads, a Minnesota broker said.

Offers for spot barge delivery to the US Gulf on a CIF basis firmed as supplies were tight due to lingering issues with high waters on Midwest rivers. Offers for June delivery by barge eased.

At 8:33 a.m. CDT (1333 GMT), Chicago Board of Trade July soymeal futures were up $1.20 at $313.70 a ton.