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Markets

US Cash Soymeal-Offers steady in rail, truck markets

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By Shoaib Ur RehmanReuters

CHICAGO: Spot basis offers for US soymeal held steady at processors in both the truck and rail markets on Tuesday, with dealers noting light demand from end users.

* Dealings were slow as livestock and poultry producers still had enough soymeal on hand from their regular monthly contracts, an Indiana dealer said.

* On the export front, spot bids and offers also were unchanged on a CIF and FOB basis.

* At 10:24 a.m. CST (1624 GMT), Chicago Board of Trade March soymeal futures were $1.00 lower at $321.20 a ton.

Copyright Reuters, 2019
 

 

 

 

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