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CHICAGO: Spot basis offers for US soymeal were unchanged in the rail and truck markets on Wednesday, dealers said.
Demand was steady, with most end users delaying new orders after strength in the futures market pushed cash prices higher, an Indiana dealer said.
CIF bids for soymeal shipped by barge to the US Gulf were firm.
The monthly US soybean crush fell below the prior-year level for a second straight month in April and was below most trade estimates, according to National Oilseed Processors Association (NOPA) data.
NOPA members crushed 159.990 million bushels of soybeans last month.
At 11:41 a.m. CDT (1641 GMT), Chicago Board of Trade July soymeal futures were up $2.00 at $300.00 per ton.
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