US markets were closed for Thanksgiving Day holiday on Thursday and many European players were visiting the Grofor trade dinner in Hamburg. "Palm oil futures dropped with the trend in soyoil on Wednesday and the European cash market followed, but demand was slack," one broker said. Palm oil was offered between $2.50 and $12.50 a tonne down from Wednesday after Malaysian palm oil futures closed between 42 and 64 ringgit per tonne down on fears about the global economy. Jan/March RBD palm olein traded $7.50 down from Wednesday between $1,050 and $1,060 a tonne fob Malaysia and April/June changed hands from $1,030 down to $1,015 and back up to $1,025, down $10 from Wednesday. Crude palm oil changed hands at $1,037.50 a tonne cif Rotterdam for April/June. EU soyoil was hardly discussed follow the absence of CBOT soyoil futures after they closes almost 1.5 cents per lb down on Wednesday, while EU rapeoil remained untraded with offerings two to five euros per tonne down from Wednesday with buyers showing little interest. No deals were reported. Lauric oils were offered $5 to $10 a tonne down from Wednesday following the trend in palm oil and a strong dollar, which weighs on dollar-priced products. Bids were scarce and no trades were reported.