Rape oil traded slightly down on the European vegetable oils market on Thursday on an easier dollar in an otherwise dull market that lacked fresh news. "A few deals were reported in new crop position rapeoil, mostly speculative deals on the hope markets will pick up eventually with buyers taking advantage of the easier trend," one broker said.
At 1730 GMT CBOT soyaoil futures were between 0.02 cents per lb down and 0.11 cents up, mostly on technical short covering because of a firm US cash market. Liquid oils - EU soyaoil, rapeoil and sunoil - were mostly offered between two and five euros per tonne down following CBOT's weak soyaoil close on Wednesday and the slightly easier dollar, which weighs on euro-priced products. Rapeseed futures were a touch down, tracking Wednesday's Chicago soyabeans and because of the easier dollar, wich also pressured oil.
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