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US Cash Soymeal-Basis offers soften in some locations

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By Shoaib Ur RehmanReuters

CHICAGO: Spot soymeal basis offers were steady to weak in the US Midwest on Wednesday, pressured in some locations as the soybean harvest replenished crusher supplies, dealers said.

Rains this week stalled field work parts of the western Midwest. Showers also fell in portions of Illinois and Indiana, but parched soils should absorb the moisture, allowing harvest to resume more quickly.

Chicago Board of Trade December soymeal futures settled down 50 cents at $311 per short ton.

 

Copyright Reuters, 2017
 

 

 

 

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