European feeds-Soymeal dips on crop outlook and US-China trade war

ROTTERDAM: Soymeal on the European meals and feeds market dipped on Monday, tracking losses in CBOT soymeal futures on the outlook for a bumper U.S. soybean harvest and because of further tensions in the trade war between the United States and the world's top soy buyer China.

South American soymeal was mostly offered between $2 and $10 a tonne up from Friday.

EU rapemeal edged lower, pressured by losses in soymeal and a weaker dollar, which weighs on euro-priced products. Small gains in rapeseed futures, on worries over a smaller rapeseed crop size in Europe and Canada, limited losses. Asking prices were mostly between one euro per tonne lower and one euro higher.

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