ROTTERDAM: Soymeal on the European meals and feeds market rose on Wednesday, tracking a stronger CBOT soymeal futures close on Tuesday because of concerns that dry weather was to return in the Argentine soybean belt.
"The market was dull overall on the first trading day following the Christmas break and it is expected to remain so until after the New Year," one broker said.
South American soymeal was mostly offered between unchanged and $4 a tonne higher, also supported by a dip in the dollar, which underpins prices quoted in that currency.
Rapemeal was quoted between flat and three euros per tonne higher, tracking gains in soymeal and supported by firmer rapeseed futures. A weaker dollar limited gains as it weighs on products priced in euros.
Buyers showed little interest and no trades were reported.
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