# Commodity - US CASH SOYMEAL BASIS STEADY. - Free Online Library

> 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.

- Date: 2017-11-26 · published 2017-11-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68077-commodity-us-cash-soymeal-basis-steady-free-online-library
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- thefreelibrary.com: https://www.thefreelibrary.com/Commodity+-+US+CASH+SOYMEAL+BASIS+STEADY.-a0516018744

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