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CHICAGO: Spot basis offers for US soymeal held steady at truck and rail market locations on Friday, dealers said.
Demand from domestic end users was light.
Most livestock and poultry producers had enough soymeal on hand from previously booked orders, an Indiana dealer said.
Bids for soymeal shipped by barge to the US Gulf firmed, which traders attributed to concerns about tight supplies in South America.
Although the interior basis was mostly steady, offers firmed by $1 per ton in Mankato, Minnesota.
At 11:45 a.m. CST (1745 GMT), Chicago Board of Trade March soymeal futures were up 80 cents at $320.60 a ton.
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