ROTTERDAM: Soymeal on the European meals and feeds market was offered in a tight range on Monday due to a public holiday in the United States, which left Chicago futures markets closed.
"The absence of a direction from Chicago and lack of fresh market-moving news caused prices to drift either side of unchanged without any buying interest," one broker said.
South American soymeal was offered at between $2 a tonne up and $2 down from Friday. A weaker CBOT soymeal futures close on Wednesday and a stronger dollar, which pressures products priced in that currency, weighed. Bids were scarce and no business was reported.
EU rapemeal tracked the trend in soymeal and was quoted at between one euro up and one euro down. Buyers showed little interest and no trades were reported.
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