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Monday, August 15, 2022

US Cash Soymeal-Offers flat on stagnant demand

US Cash Soymeal-Offers flat on stagnant demandCHICAGO: Spot basis offers for US soymeal were unchanged at rail and truck markets on Friday, dealers said.

Demand was light from livestock and poultry producers.

A dealer in Indiana said orders might pick up on Monday if end users run through a large amount of supplies during the weekend due to a cold snap across much of the Midwest.

At 11:52 a.m. CST (1752 GMT), Chicago Board of Trade January soymeal futures were down $3.60 at $331.60 a ton.

Copyright Reuters, 2017

Source: Brecorder.com

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