US Cash Soymeal-Offers flat in Midwest; firmer in South

CHICAGO: Spot basis offers for soymeal held steady at truck market processors around the US Midwest early on Monday, dealers said.

Offers were firmer in southern locations, with basis levels underpinned by downtimes at processors in the region as well as slow movement along railroads, a mid-South broker said.

Demand was light, a dealer at a processor in the Kansas City area said.

At 9:22 a.m. CDT (1422 GMT), Chicago Board of Trade August soymeal futures were down $3.80 at $317.20 a ton. The September contract was off $3.90 at $319.40 a ton.