Soyameal steady on European feeds market

Soyameal on the European meals and feeds market firmed on Friday following CBOT's stronger soyameal futures the day before, which closed up on technical buying.
"Asking prices were mostly fixed on Thursday's CBOT close but buyers were not prepared to pay the higher prices based on technical buying in Chicago while they believe there is plenty of everything and prices could come down in the near future," one broker said.
South American soyameal was offered between unchanged and $4 a tonne up, tracking Thursday's stronger CBOT soyameal futures close. A strong dollar, which weighs on prices quoted in that currency, limited gains. Buyers showed little interest and no business was reported.