Soyameal eases on European feeds market

Soyameal on the European meals and feeds market eased on Wednesday because of positioning ahead of Thursday's USDA planting intentions and quarterly stocks reports. "The USDA data is expected to show large stocks and acreage planted to soyabeans is also expected to be large, it kept markets a bit in the negative today," one broker said.
South American soyameal was offered between unchanged and $5 a tonne lower, also following easier CBOT soyameal futures and because of a stronger dollar, which weighs on products priced in that currency.