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"Prices were up on technicals in Chicago but buyers were not impressed and still believe there is plenty of material available," one broker said, adding that expectations are for a bumper South American soybean crop.
South American soymeal was offered between unchanged and $4 a tonne higher, mostly tracking CBOT soymeal futures. Buyers were not prepared to pay the higher levels and no deals were reported.
Rapemeal was quoted between unchanged and 2 euros a tonne higher, following firmer soymeal and underpinned by a stronger dollar and technical strength in rapeseed futures.