US Cash Soymeal-Basis mostly flat on light demand

CHICAGO: Soymeal basis values were narrowly mixed in the US barge market on Friday and unchanged at rail and truck points while demand remained light, dealers said.

Bids for barges loaded in January were down $1 per ton while offers for that time period were $1 higher.

Some end users put off purchases in the hopes of lower prices even as soymeal was seen as competitively priced due to rising prices for competing feeds such as distillers' dried grains (DDGs).