CHICAGO: Spot basis offers for soymeal rose for delivery by rail at most processors around the US Midwest on Tuesday, dealers said.
Offers were flat in the truck market.
Demand from livestock and poultry producers was routine.
Upcoming maintenance shutdowns at processors underpinned basis levels.
A processor in Decatur, Alabama, was scheduled to be shuttered for a month starting on April 27 for maintenance work.
At 8:56 a.m. CDT (1356 GMT), Chicago Board of Trade May soymeal futures were 20 cents higher at $372.00 a ton. The July contract was up 10 cents at $376.30 a ton.
Source: Brecorder
