ROTTERDAM: Soymeal on the European meals and feeds market was offered firmer on Monday due to technical strength in CBOT soymeal futures at the close on Friday.
"Prices were up as the European cash market used Friday's firmer Chicago close to fix prices. The absence of a direction from CBOT due to a public holiday in the U.S. caused a lacklustre picture in Europe," one broker said.
South American soymeal was offered between flat and $7 a tonne up from Friday in sympathy with Friday's CBOT soymeal futures close. Bids were scarce and no deals were reported.
Most other products were offered between two euros up and two euros down from Friday, partly following the trend in soymeal and steadier rapeseed futures. Slack demand limited gains. No business was seen.
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