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US Cash Soymeal-Basis hold steady as futures slip

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By Shoaib Ur RehmanReuters

CHICAGO: Soymeal spot basis offers in the US Midwest on Tuesday were unchanged as futures prices eased due to increased supplies as the soybean harvest nears completion, said dealers.

Late Monday's US Department of Agriculture weekly crop progress data for the week ended Nov. 12 showed the US soybean harvest was 93 percent complete, up from 90 percent a week earlier.

Chicago Board of Trade December soymeal futures at 11:27 a.m. CDT (1727 GMT) were down $0.80 at $310.50 per ton.

 

Copyright Reuters, 2017
 

 

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