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US Cash Soymeal-Basis offers hold mostly steady

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By Shoaib Ur RehmanReuters

CHICAGO: Spot basis offers for US soymeal delivered by truck or rail steadied on Wednesday following recent declines, with values capped by adequate supplies, dealers said.

* Meal basis values in the Gulf Coast export market were mostly steady to firmer, although export demand remained spotty as US prices were at a premium to South American prices.

* Chicago Board of Trade March soymeal futures were up 20 cents at $309.50 a ton at 11:24 p.m. CST (1724 GMT).

Copyright Reuters, 2019
 

 

 

 

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