US Cash Soymeal-Rail, truck offers steady

CHICAGO: Spot basis offers for US soymeal were flat at most processors in both the truck and rail markets on Tuesday, dealers said.

Demand was routine, a Minnesota broker said.

Slow farmer selling of soybeans underpinned basis levels.

Some processing plants were re-opening after seasonal maintenance shutdowns, which boosted the amount of supplies available for sale on the cash market, an export trader said.

Although the basis was mostly steady, offers rose by $3 per ton in Sioux City, Iowa.