US Cash Soymeal-Rail, truck basis mostly steady; barges mixed

CHICAGO: Spot basis soymeal offers were mostly steady at interior rail and truck locations around the United States on Tuesday and mixed in the barge market that supplies Gulf Coast exporters, dealer said.

Slow demand and ample supplies kept a lid on prices, dealers said.

Basis bids for river barges loaded with soymeal for shipment to the Gulf Coast were $1 per ton higher to $1 lower, while export offers at the Gulf held steady.

At 10:49 a.m. CDT (1549 GMT), Chicago Board of Trade October soymeal futures were down $1.00 at $315.30 a ton.