OREANDA-NEWS. February 17, 2015. Spot basis offers for US soymeal held steady at processors in the truck and rail markets on Friday, dealers said.

Demand remained strong for nearby shipments, with both domestic end users and exporters looking for supplies.

Basis levels had firmed earlier in the week as slow country movement of soybeans limited the amount of crushing supplies processors had on hand.

Profit margins at processors were still healthy despite the rising cost of acquiring soybeans, a trader said.

Chicago Board of Trade March soymeal futures were up \\$3.60 at \\$334.10 a ton at 10:31 a.m. CST (1631 GMT). The March soyoil contract was 0.49 cent higher at 32.50 cents per lb.