CHICAGO: Spot basis offers for US soymeal were flat at truck markets around the United States on Tuesday and mostly lower for rail-delivered shipments, dealers said.
* Demand for soymeal was largely quiet after a flurry of buying over recent weeks satisfied end-users' immediate needs, brokers said.
* Farmer sales of soybeans to processors were limited on Tuesday as Chicago Board of Trade futures prices fell for a second straight session.
* Light export demand capped CIF and FOB basis values at the Gulf Coast.
* The National Oilseed Processors Association on Tuesday pegged December US soy crushings at 171.759 million bushels, the third highest monthly total on record. It was above the average trade estimate of 170.016 million bushels.
* Soymeal exports in December fell to 826,404 tons, from 901,449 tons exported in November and 921,726 tonnes in December 2017, NOPA said.
* Chicago Board of Trade March soymeal futures were down $2.40 at $309.40 a ton at 12:34 p.m. CST (1834 GMT).
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