# US Cash Soymeal-Basis offers steady in subdued trade - Markets - Business Recorder

> US spot soymeal basis offers were unchanged in the Midwest on March 18 and cash trade was quiet. Hog and poultry feeders had covered near-term needs at high prices and were reluctant to book more, despite a setback in CBOT soymeal futures. The CBOT May board crush was down 1.75 cents at 72 cents per bushel.

- Date: 2021-03-18 · published 2021-03-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48201-us-cash-soymeal-basis-offers-steady-in-subdued-trade-markets-business-recorder
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Buyer resistance at high prices and a futures setback point to softer near-term soymeal demand, which may cap further gains.

## Read by commodity

- SBM: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40075310

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