# US Cash Soymeal-Rail offers firm; Trucks mostly steady - Markets - Business Recorder

> US spot soymeal basis offers were mostly firm at rail terminals on March 8, while truck markets were mostly steady. Soymeal crushing remains strong, though most domestic meal buyers had already bought through the end of March. CBOT March soymeal futures were up $2.20 at $422.20 a short ton.

- Date: 2021-03-08 · published 2021-03-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48200-us-cash-soymeal-rail-offers-firm-trucks-mostly-steady-markets-business-recorder
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Firm cash basis and higher futures reflect strong crush-driven supply and steady domestic demand, which supports soymeal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40071449

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.