Just in:  

You are here: Home»Markets»Commodities»Europe»Soymeal down on technical selling

Soymeal down on technical selling

SoyMealROTTERDAM: Soymeal on the European meals and feeds market dropped further on Thursday with CBOT soymeal futures in technical selling on prospects for a bumper South American soybean crop and talk of more cancellations of Chinese orders for US soybeans.


* "Prices dropped substantially with the slide in Chicago, but it did not trigger much buying interest as buyers are waiting patiently for the market to bottom out," one broker said.


* South American soymeal was offered between $17 and $23 a tonne down from Wednesday in sympathy with weakness in CBOT soymeal futures and because of a strong dollar, which weighs on dollar-priced products.


* Most other products were quoted between three and seven euros per tonne down from Wednesday in sympathy with soymeal and weaker rapeseed futures.


* EU rapemeal changed hands at 243 euros per tonne fob lower Rhine for May/July and 203 euros was paid for Aug/Oct.


Center>Copyright Reuters, 2013


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
Arrow Sensex 25,775.74 0.17

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln