Soyameal on the European meals and feeds market was mostly firmer on Friday following strong Brazilian fob markets and due to a steadier tone in CBOT soyameal futures at the close on Thursday. "Prices are often fixed on the close of Chicago the day before. Chicago improved a little on bargain buying and fading fears for a US trade war with China, but that could be different now," one broker said after the threat by US President Donald Trump to slap tariffs on additional $100 billion in Chinese goods and China's response that it would fight back at any cost.
South American soyameal pellets were mostly offered between flat and $3 a tonne up with some deferred positions losing some ground. Rapemeal was offered between unchanged and two euros per tonne higher, tracking firmer soyameal and technical strength in rapeseed futures also supported rapemeal.
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