Soymeal mixed on lack of leads

ROTTERDAM: Soymeal on the European meals and feeds market was quietly mixed on Monday due to lack of direction as several markets around the world were closed for public holidays, market sources said.

"Parts of Europe, Brazil, the US and Canada were closed for different reasons and that kept a lid on activity here on the cash market," one broker said.

South American soymeal was offered between $2 a tonne up and $2 down from Friday. Bids were scarce and no deals were reported.

Most other products were quoted unchanged to a few euros up following stronger rapeseed futures on the back of higher mineral oil prices. March delivery EU rapeoil traded at 193 euros per tonne fob lower Rhine and May/midJuly fetched 180 a tonne, both four euros up from Friday.

Copyright Reuters, 2012