ROTTERDAM: Soymeal on the European meals and feeds market eased on Thursday ahead of fresh USDA supply/demand and quarterly stocks reports, which were issued too late in the European afternoon on Thursday for players to react to.
"Asking prices for soymeal were mostly fixed on the Chicago futures close the day before.
That one was easier because of position squaring ahead of the USDA reports," one broker said.
South American soymeal was mostly offered between flat and $3 tonne lower, tracking Wednesday's easier CBOT soymeal futures close. Buyers were still holding back and preferred to wait until at least after the USDA reports were issued.
No business was reported. EU rapemeal was quoted between unchanged and two euros per tonne down, following the easier trend in soymeal and because of a dip in the dollar, which weighs on products priced in euros.
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