Soyameal edges up on European feeds market

Soyameal on the European meals and feeds market edged up on Thursday on positioning before fresh USDA crop and supply/demand reports, which were issued too late on Thursday for European players to react to. "Analysts expected a lower yield number in the November reports and that underpinned prices on the cash market," one broker said.
South American soyameal was offered between unchanged and $2 a tonne higher, also tracking last night's stronger CBOT soyameal futures. Buyers were not prepared to do business ahead of the reports and no deals were seen.