Markets

US Cash Soymeal-Basis offers ease as futures hit 3-month high

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The US Department of Agriculture said weekly US export sales last week totaled 45,100 tonnes, within the range of relatively low expectations from analysts.

Chicago Board of Trade soymeal August soymeal futures jumped to a more than three-month high, rising $7 to $329.00 per ton as of 12:05 p.m. CDT (1705 GMT).

 

Copyright Reuters, 2017