ROTTERDAM: Soymeal on the European meals and feeds market was offered higher on Tuesday following strength in CBOT soymeal futures on the back of concerns over weather in South American soybean growing areas.
"Prices were mostly window dressing in a very quiet market as many players were absent," one broker said, adding they hadn't seen a single bid.
South American soymeal was offered between flat and $4 a tonne up from Friday before the Christmas break, tracking firmer CBOT soymeal futures. Bids were scarce and no deals were reported.
EU rapemeal followed the stronger trend in soymeal and was offered between one and three euros per tonne higher.
Stronger rapeseed futures, tracking stronger Chicago soybeans, were supportive also. Buyers showed little interest and no deals were reported.
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