Markets

US Cash Soymeal-Basis offers flat, demand routine

Published April 18, 2018 Updated April 18, 2018 04:36pm

Processor downtime for maintenance this month was likely to limit available supplies in the coming weeks but a record-large US soy crush for the months of March and February left ample soymeal stocks for now.

Chicago Board of Trade May soymeal futures were down $4.70 at $376.50 per ton, lowest since April 6, at 11:01 a.m. CDT (1601 GMT).

 

 

Copyright Reuters, 2018