Markets

European feeds-Soymeal eases with CBOT futures on technicals

Published April 12, 2018 Updated April 12, 2018 04:47pm

"The European cash market fixed prices mostly on Wednesday's Chicago close. Business was slow overall as many players were discouraged by recent volatility," one broker said.

South American soymeal was offered between $2 and $5 a tonne lower. A slightly firmer dollar also weighed on products priced in that currency.

Rapemeal was quoted between unchanged and two euros per tonne down from Wednesday, tracking weakness in soymeal. Losses were limited by the firmer dollar and technical gains in rapeseed futures.

 

 

Copyright Reuters, 2018