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CHICAGO: Spot basis offers for US soymeal were mostly unchanged at Midwest processors on Wednesday, dealers said.
One Indiana dealer described demand as "mediocre."
Many end users were waiting for the soybean harvest to start, which was expected to pressure basis levels at processors as soymeal production increases amid an abundance of crushing supplies.
Although the basis was mostly steady, offers fell by $4 per ton in Decatur, Indiana.
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