ROTTERDAM: Soymeal on the European meals and feeds market was offered in a tight range on Friday as players started to wind down business ahead of the holidays.
"It seems we have entered the dreaded pre-Christmas doldrums.This week was rather hectic because of the rally in the dollar, but it seems today the market took a breather and it is unlikely it will pick up much during the coming week," one broker said.
South American soymeal was mostly offered between flat and $2 a tonne up, following the slightly firmer trend in CBOT soymeal futures. Buyers showed little interest going into the weekend and no deals were reported.
EU rapemeal followed the trend in soymeal with asking prices between unchanged and three euros per tonne higher, tracking soymeal and supported by improved trade on Wednesday and Thursday.
There was no follow-through business seen on Friday.
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