European feeds-Soymeal drops with futures on US-China trade dispute

ROTTERDAM: Soymeal eased on the European meals and feeds market on Monday, tracking weaker CBOT soymeal futures on the back of expectations for a bumper US soybean harvest and concerns over the escalating trade war between the United States and world's top soy buyer, China.

South American soymeal was mostly offered between $4 and $10 a tonne down from Friday.

EU rapemeal was mostly quoted between unchanged and 5 euros a tonne lower, tracking weaker soymeal and because of lower rapeseed futures, which followed losses in CBOT soybeans on fresh developments in the US trade dispute with China.