date:Oct 19, 2012
tolifting corn and wheat, traders and analysts said.
U.S. cash dealers said soymeal spot cash basis offers weresteady to higher on moderate domestic demand, strong exportdemand and tight nearby supplies. Soymeal is the proteinadditive of choice in most livestock and poultry feedingrations.
Additionally, signs emerged of a rejuvenated soyoil market.
Soybean oil is looking like it may have formed a tradingbottom on the chart and it has moved higher this week, saidBill Nelson, oilseeds analyst