US Cash Soymeal-Rail, truck markets unchanged in slow trading

• That was near the low end of market forecasts that ranged from 100,000 tonnes to 300,000 tonnes.
• * There were 58 deliveries against the CBOT May contract , which expires on Thursday.

CHICAGO: Spot basis offers for US soymeal were unchanged at rail and truck market processors on Thursday, dealers said.

* Dealings were slow, with most end users waiting to see if futures markets declines weakens cash prices further before committing to new orders, brokers said.

* The CIF and FOB markets also held steady.

* Weekly soymeal export sales totaled 120,200 tonnes (old-crop and new-crop combined), the US Agriculture Department said on Thursday. That was near the low end of market forecasts that ranged from 100,000 tonnes to 300,000 tonnes.

* USDA also said that private exporters reported the sale of 20,000 tonnes of soyoil for delivery to China in the 2019/20 marketing year. It was the first sale of US soyoil to China since August 2018.

* At 11:30 a.m. CDT (1630 GMT), Chicago Board of Trade July soymeal futures were down $2.10 at $288.50 a ton.

* There were 58 deliveries against the CBOT May contract , which expires on Thursday.