US Cash Soymeal-Truck, rail market mostly flat; demand light

CHICAGO: Offers for US soymeal delivered on the spot market were unchanged on Monday, grain dealers said.

Demand was light to start the week, dealers said.

Most end users still had enough supplies on hand from their regular monthly contracts and had little need for spot loads, an Indiana dealer said.

Livestock and poultry producers were trying to get an idea of what direction the market would take for the week before committing to new deals, according to another dealer in Indiana.

Although the basis was mostly steady, offers fell by $5 per ton in Mankato, Minnesota.

At 10:58 a.m. CDT (1558 GMT), Chicago Board of Trade August soymeal futures were down 20 cents at $305.60 a ton.