US cash soymeal basis offers steady to higher on tight supplies
Harvest delays and persistent rains are squeezing soybean supplies in the western US Midwest.
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US soymeal supplies tight on harvest delays, strong demand
Basis offers for soymeal were steady with a firm tone at U.S. Midwest rail and truck points as soybean harvest delays continued to slow processors' crushing pace, restricting spot supplies of the feed ingredient. Spot basis was unquoted at several Iowa crushing plants as a shortage of replacement soybeans curbed availa
US Cash Soymeal — Basis offers steady to higher on tight spot supplies
CHICAGO, Sept 18 (Reuters) — Spot basis offers for truck- and rail-delivered soymeal were steady to higher around the US Midwest on Friday amid tight supplies as harvest delays have slowed crushing in western markets, dealers said. Some crushers were not posting offers on Friday due to tight spot supplies, a dealer sai