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US Cash Soymeal-Rail offers weaken; truck market flat

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By Shoaib Ur Rehman

CHICAGO: US cash soymeal basis offers for spot rail delivery weakened slightly at terminals around the US Midwest on Friday, dealers said.

Truck market offers were mostly unchanged.

Demand was firm after weakness in the futures market earlier this week pushed prices to their lowest in about six weeks.

Some end users were taking advantage of the price break to book orders for later delivery, a Minnesota broker said.

At 12:40 p.m. CDT (1740 GMT), Chicago Board of Trade August soymeal futures were up $3.10 at $297.30 a ton. CBOT September soymeal was $3.10 higher at $298.90 a ton.

 

Copyright Reuters, 2017
 

 

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