Markets

European feeds-Soymeal up with futures on short covering

Published Updated

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.

Copyright Reuters, 2018