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Spot soymeal basis offers in the US Midwest were steady on Wednesday as futures rebounded from recent lows on short-covering and higher soybean contracts. CBOT soybeans shrugged off new contract lows ahead of the NOPA monthly crush report, and December soymeal rose $2.40 to $312.70 per ton.
Soymeal futures bouncing off lows with steady basis supports meal prices modestly, though the pre-report pattern leaves the near-term direction dependent on the crush数据. Feed buyers face little immediate change in meal costs.
thefreelibrary.comNov 26, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
