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US Cash Soymeal-Offers flat; futures gains weigh on demand

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By Shoaib Ur Rehman

CHICAGO: Spot basis offers for US soymeal held steady in the truck, rail and barge markets on Thursday, dealers said.

A Minnesota broker described demand as "so-so."

Strength in the futures market was curtailing new orders but some end users who had delayed purchases were asking questions about prices.

The US Agriculture Department on Thursday morning said weekly soymeal export sales totaled 117,300 tonnes (old-crop and new-crop combined), in line with market forecasts.

 

Copyright Reuters, 2017
 

 

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