Soyameal mixed on European feeds market

27 Dec, 2016

Soyameal on the European meals and feeds market was mixed on Friday in thin trade on the last trading day before the Christmas break. "Prices mostly followed Chicago but were mostly nominal with few serious sellers and buyers around. It is doubtful whether business will pick up before the New Year," one broker said.
South American soyameal was offered between $2 a tonne up and $3 down, mostly tracking CBOT soyameal futures. Bids were scarce and no deals were seen. EU rapemeal was quoted between one euro per tonne up and one down with pressure from weaker rapeseed futures on a brighter global oilseed supply outlook buyers showed little interest and no business was reported.

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