Soyameal falls on European feeds market

22 Apr, 2018

Soyameal on the European meals and feeds market eased on Thursday, tracking the previous day's weaker close for CBOT soyameal futures after profit-taking. South American soyameal was offered between $1 and $7 a tonne lower, with further pressure from a lack of demand, expected high Brazilian soyabean yields and follow-through selling in Chicago soyameal futures.
Rapemeal was offered between unchanged and 2 euros a tonne lower, tracking losses in soyameal and because of a lack of buying interest. Technical strength in rapeseed futures limited losses.

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