OREANDA-NEWS. February 13, 2015. Cash basis offers for soymeal were steady to firm at truck market processors around the US Midwest on Thursday, supported by steady demand and slow country movement of soybeans, dealers said.

Farmer sales of soybeans have slowed to a trickle, leaving processors with thin crushing supplies.

Offers were flat on the rail market. A broker said that nearby demand was strong.

On the export front, a trader said that soymeal sold in combination with other commodities for delivery during the last three months of the year was priced between \\$35 and \\$42 over Chicago Board of Trade futures values.

Exporters at the US Gulf were still looking at buying soybeans that will be shipped by barges down Midwest rivers during February and March despite expectations of a huge South American soybean harvest boosting global supplies. Prices for those barges have fallen by a few dollars, a trader said.

The U.S Agriculture Department said on Thursday morning that weekly export sales of soymeal were 234,600 tonnes (old-crop and new-crop combined) in the latest week, in line with market expectations.

Soyoil export sales came in at 16,100 tonnes, near the low end of forecasts that ranged from 10,000 to 50,000 tonnes.

CBOT March soymeal was up 50 cents at \\$330.00 a ton at 10:56 p.m. CST (1656 GMT). The March soyoil contract was 0.07 cent higher at 31.82 cents per lb.