ROTTERDAM: Soymeal on the European meals and feeds market was mixed on Wednesday with support from a weak dollar offsetting positioning ahead of fresh USDA crop and supply/demand reports, which were issued too late in the European day for players to react to.
"Dealers were waiting for the USDA data and held back to see what the figures would bring and usually they then continue to wait for Chicago to close to see what CBOT traders make of it," one broker said.
South American soymeal was offered between $2 a tonne up and $4 down from Tuesday. Buyers showed little interest and no trades were reported.
EU rapemeal was quoted between unchanged and three euros per tonne lower, tracking easier rapeseed futures and a weaker dollar also weighed on euro-priced products. Bids were scarce and no deals were seen.
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