US Cash Soymeal — Basis offers flat in muted trade

CHICAGO, Oct 13 (Reuters) — Cash basis offers for soymeal were unchanged at rail and truck terminals in the US Midwest on Tuesday, dealers said. The ongoing soybean harvest has replenished soybean crushers with fresh material. US farmers have harvested 44% of the nation's soybean crop, analysts said ahead of the Department of Agriculture's weekly crop progress report on Tuesday. Farmers have taken advantage of improved weather conditions to harvest crops after rain delayed progress in late September. Many have focused on harvesting soybeans before corn. CIF bids and offers ticked lower. On the Chicago Board of Trade, December soymeal futures were last $6 lower at $362.60 per short ton. CBOT November soybeans were last 3 cents lower at $12.84-1/2 per bushel. Spot rail soymeal (dlrs/ton basis CBOT, 47.5% protein): Curr Net ent Change Offe r Chicago +12 + Z UNC Decatur, +12 + Z UNC Illinois Morristown, +12 + Z UNC Indiana Decatur, UNQ UNC Alabama Kansas City, +30 + Z UNC Missouri Fostoria, Ohio +12 + Z UNC Spot truck soymeal basis (dlrs per ton): Frankfort, UNQ + UNC Indiana Claypool, +40 + Z UNC Indiana Lafayette, +40 + Z UNC Indiana Decatur, +20 + Z UNC Indiana Cedar Rapids, +20 + Z