CHICAGO: Spot basis offers for US soymeal delivered by rail and trucks were unchanged on Wednesday as market participants eyed the turnaround in futures prices, dealers said.
Chicago Board of Trade (CBOT) soymeal futures reversed Tuesday’s losses, aided by short-covering and firmer soybean contracts.
At 10:10 a.m. CDT (1500 GMT) The actively traded May contract was up $1.10 at $385.00 a ton.
Source: Brecorder
