AMSTERDAM: Soymeal on the European meals and feeds market eased on Monday on improved weather in South America and firm dollar which makes dollar-priced products less competitive for exports.
"The market eased on rains in South America," one trader said. "After Chicago opening, the European market followed trends there."
South American soymeal was offered between $2 and $5 a tonne down, following Friday's Chicago soymeal futures close and as a strong dollar weighed on dollar-priced products.
Most other products were quoted flat to a little easier, but losses were limited by steadier rapeseed futures and because of the stronger dollar, which supports euro-priced products.
No deals were reported as buyers were holding back in the easing market, awaiting the outcome of a eurozone meeting on a Greek debt deal.
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