Markets

US Cash Soymeal-Rail, truck market steady; demand weak

Published Updated

Demand was light. Most end users had booked enough supplies ahead of time to last them through May and there was little call for extra loads, a Minnesota broker said.

Offers for spot barge delivery to the US Gulf on a CIF basis firmed as supplies were tight due to lingering issues with high waters on Midwest rivers. Offers for June delivery by barge eased.

At 8:33 a.m. CDT (1333 GMT), Chicago Board of Trade July soymeal futures were up $1.20 at $313.70 a ton.

 

Copyright Reuters, 2017