US Cash Soymeal-Rail offers flat; truck offers mixed

• Dealers said that demand was steady.
• Supplies were variable as the pace of soybean crushing slowed from the record levels reached earlier this spring.

CHICAGO: Spot basis offers for US soymeal were steady to weak in the rail market on Friday, dealers said.

* At truck market processors, the basis was flat in the eastern US Midwest and mixed at locations west of the Mississippi River.

* Dealers said that demand was steady.

* Supplies were variable as the pace of soybean crushing slowed from the record levels reached earlier this spring.

* US soybean crushings likely totaled 5.477 million short tons in April, or 182.5 million bushels, according to the average forecast of seven analysts surveyed by Reuters ahead of a monthly US Department of Agriculture report that will be released on Monday.

* The USDA on Friday morning said that soymeal export sales totaled 172,000 tonnes in the latest reporting week, in line with forecasts that ranged from 100,000 tonnes to 400,000 tonnes.