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Markets

US Cash Soymeal-Basis flat in lackluster trade

Published Updated

CHICAGO: Spot basis offers for soymeal were flat at US Midwest rail and truck points on Thursday, capped by sluggish demand from livestock and poultry producers, dealers said.

Cargill's crushing plant in Sioux City, Iowa, planned to be down from Aug. 18 to Sept. 13, a company website said.

Chicago Board of Trade August soymeal futures settled down $2.70 at $306.30 a ton and September ended down $2.90 at $308.30 a ton.

 

 

Copyright Reuters, 2017
 

 

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