US Cash Soymeal-Basis offers mostly unchanged

CHICAGO: Soymeal spot basis offers eased $2 per ton for barges loaded this month for the US Gulf Coast on Wednesday while offers were largely unchanged elsewhere in Midwest, dealers said.

Demand remained relatively light as many end users bought sufficient amounts of the animal feed to last through the holidays, when rail shipments can be disrupted.

The CME Group posted 514 deliveries against Chicago Board of Trade January soymeal futures late on Monday.

CBOT March soymeal futures at midday on Wednesday were up $5.10 to $315.00 per ton.