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Markets

US Cash Soymeal-Barge basis weaker; rail, truck offers flat

Published Updated

 CHICAGO: Basis values for soymeal barges shipped to the US Gulf Coast fell as much as $5 per ton on Friday, pressured by lackluster demand and abundant supplies, dealers said.

* Offers were unchanged in the domestic rail and truck markets.

* Chicago Board of Trade December soymeal futures were down 40 cents at $305.70 per ton at 12:42 p.m. CST (1842 GMT), on pace to decline about 1.7 percent for the week.

Copyright Reuters, 2018

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