US Cash Soymeal-Offers flat to higher on tight supplies

CHICAGO: Soymeal spot basis offers were up $5 per ton in the Iowa truck market on Friday and mostly unchanged elsewhere in the United States as supplies were expected to remain tight until the soybean harvest advanced later this month, dealers said.

There limited soymeal available in Alabama and stocks were thin in the Midwestern crop belt.

The National Oilseed Processors Association said the US soybean crush of 142.42 million bushels in August was a record-large for the month.

Chicago Board of Trade soymeal futures eased 70 cents to $308.80 per ton at 12:39 p.m. CDT.