European feeds-Soymeal down amid poor demand

ROTTERDAM: Soymeal on the European meals and feeds market was slightly down on Wednesday due to lack of demand and with little direction from US markets after Tuesday's US holiday.

"Business was slow and uninspired without Chicago and lack of fresh leads elsewhere to react to," one broker said.

South American soymeal was mostly offered between unchanged and $2 lower. Buyers showed no interest and no business was reported.

EU rapemeal was quoted between two euros per tonne down and one euro up from Tuesday, tracking the easier tone in soymeal, while support was offered by technical strength in rapeseed futures. Bids were scarce and no trades were seen.