European feeds-Soymeal down on improved on US planting weather

ROTTERDAM: Soymeal on the European meals and feeds market eased on Monday, tracking easier CBOT soymeal futures on expectations for improved planting weather in the US soybean belt.

South American soymeal was offered between unchanged and $3 a tonne down from Friday, with a stronger dollar also weighing on prices. No business was reported.

"Players on the European cash market have little price-supporting news to build some confidence in the market, keeping demand slow," one broker said.

EU rapemeal was mostly offered between unchanged and 2 euros a tonne up, following the stronger trend in rapeseed futures because of technical buying.

The stronger dollar also underpinned products quoted in euros, but bids were scarce and no deals were seen.