US Cash Soymeal-Basis offers flat ahead of USDA data

CHICAGO: Spot basis offers for US soymeal were unchanged on Friday in relatively thin trading ahead of US Department of Agriculture data due at 11 a.m. CST (1700 GMT), dealers said.

* Some buyers were delaying purchases of the animal feed in hopes prices fall following the USDA data. The government was expected to show larger US soybean stocks as of Dec. 1, according to analysts polled by Reuters.

* Chicago Board of Trade soymeal futures were up $1.20 at $306.80 per ton at 10:34 a.m. CST (1634 GMT), rebounding after a multimonth low reached on Thursday.