"Long liquidation in Chicago continued to pressure prices in both CBOT soymeal futures and the European cash market. Buyers, however, were still staying sidelined, waiting for the market to reach a bottom," one broker said.

South American soymeal was offered between $1 and $9 a tonne down from Tuesday in sympathy with CBOT soymeal futures.

Most other products were offered between unchanged and 2 euros per tonne down, following soymeal, but a technical correction in rapeseed futures limited losses.