Markets

US Cash Soymeal-Rail, truck offers steady; barge market firm

Published January 5, 2018 Updated January 5, 2018 06:07pm

Demand from domestic end users was light.

Most livestock and poultry producers had enough soymeal on hand from previously booked orders, an Indiana dealer said.

Bids for soymeal shipped by barge to the US Gulf firmed, which traders attributed to concerns about tight supplies in South America.

Although the interior basis was mostly steady, offers firmed by $1 per ton in Mankato, Minnesota.

At 11:45 a.m. CST (1745 GMT), Chicago Board of Trade March soymeal futures were up 80 cents at $320.60 a ton.

 

 

Copyright Reuters, 2018