Soyameal mixed on European feeds market

10 Jun, 2018

Soyameal on the European meals and feeds market was offered in a tight range on Thursday as beneficial US crop weather and technical weakness in Chicago soyameal futures were offset by support from a weaker dollar.
South American soyameal was mostly offered between $3 a tonne down and $3 up from Wednesday. A lower dollar supports prices quoted in that currency. Rapemeal followed the trend in soyameal with asking prices between one euro per tonne higher and two euros lower. Dollar weakness and easier rapeseed futures weighed on prices.

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