European feeds-Soymeal up with futures on short covering

ROTTERDAM: Soymeal on the European meals and feeds market was firmer on Monday following short covering in CBOT soymeal futures at the close on Friday.

South American soymeal was mostly offered between $1 and $7 a tonne higher. CBOT soymeal futures had closed higher on short covering and technical buying ahead of a long weekend. CBOT markets were closed on Monday for Labor Day holiday.

EU rapemeal was quoted between unchanged and two euros per tonne higher on support from a stronger dollar, which underpins euro-priced products.