Soyameal down on European feeds market

Soyameal on the European meals and feeds market eased further on Thursday on prospects for a record-large South American soyabean harvest. "A very large South American crop that is being harvested is bound to weigh on prices as it hits the market and it looks like that every week that harvest grows bigger," one broker said.
South American soyameal was offered between $1 and $3 a tonne down, also tracking easier CBOT soyameal futures. Buyers remained sidelined, waiting for the market to reach a solid floor. Bids were scarce and no deals were seen.
Old crop EU rapemeal was offered between one and two euros per tonne lower on the back of weaker soyameal and lower rapeseed futures on an optimistic world oilseed supply outlook.