Markets

US Cash Soymeal-Basis offers flat ahead of USDA data

Published Updated

* Some buyers were delaying purchases of the animal feed in hopes prices fall following the USDA data. The government was expected to show larger US soybean stocks as of Dec. 1, according to analysts polled by Reuters.

* Chicago Board of Trade soymeal futures were up $1.20 at $306.80 per ton at 10:34 a.m. CST (1634 GMT), rebounding after a multimonth low reached on Thursday.

Copyright Reuters, 2019