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Markets

US Cash Soymeal-Offers flat to weak as supplies increase

Published Updated

CHICAGO: Spot basis offers for soymeal were unchanged to slightly lower around the US Midwest on Monday, with crushing plant inventories increasing as more soybeans come to market as  harvest activity continues, dealers said.

Chicago Board of Trade soymeal futures declined, driving down flat prices.

At 10:23 a.m. (1523 GMT) CDT Chicago Board of Trade December soymeal futures were down $0.40 at $316.70 per ton.

 

 

Copyright Reuters, 2017

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