ROTTERDAM: Soymeal on the European meals and feeds market edged up on Thursday following a technical rebound in CBOT soymeal futures at the close the day before.
"During most of the week futures came down on improved Argentine crop weather and it was time for some bargain hunting and technical covering. Sentiment is still bearish," one broker said.
South American soymeal was offered between flat and $2 a tonne higher on the back of Wednesday's stronger Chicago soymeal futures close.
Rapemeal was mostly quoted between unchanged and two euros per tonne lower on lack of demand and because of slightly easier rapeseed futures, tracking losses in CBOT soybean futures.
Buyers showed little interest, expecting prices to remain under pressure on the outlook for a bumper South American soybean crop. No business was seen.
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