By
Rangebound soymeal futures limited new buying interest and cheaper offerings out of Argentina kept export demand for US supplies to a minimum, they said.
The National Oilseed Processors Association's April soy crush will likely fall below last year's level as a bigger crop in South America gave overseas buyers increased access to cheaper soymeal and soyoil supplies, according to analysts polled by Reuters. The NOPA data was due on Monday.
Chicago Board of Trade July soymeal futures were down $1.10 to $313.80 per ton at 10:47 a.m. CDT (1557 GMT), on pace for a weekly decline of 1 percent.