ROTTERDAM: Soymeal on the European meals and feeds market continued to ease on Thursday on improved US crop weather and because of technical selling in CBOT soymeal futures the day before.
"Markets feel bearish ahead of the weekend and it looked like most buyers called it a day early as they were not prepared to buy into a falling market," one broker said.
South American soymeal was mostly offered between $2 and $5 tonne lower, tracking Thursday's weaker CBOT Chicago soymeal futures closely. Buyers showed little interest and no deals were reported.
EU rapemeal was offered between 1 euro per tonne up and 2 euros down from Thursday, following the lower trend in soymeal. Easier rapeseed futures, taking a cue from easier Chicago soybeans, also weighed. Bids were scarce and no business was seen.
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