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Markets

US Cash Soymeal-Rail, truck offers hold steady

Published Updated

CHICAGO: Spot basis offers for US soymeal were flat in both the rail and truck markets on Wednesday, dealers said.

Demand was steady, a dealer in the Kansas City market said.

Slowdowns in delivery by train were forcing some rail brokers to use trucks to meet their customers' needs, a mid-South broker said.

Dealers continued to roll their basis offers to the Chicago Board of Trade September soymeal futures contract from the August contract.

 

Copyright Reuters, 2017
 

 

 

 

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