Soyameal on the European meals and feeds market rallied on Friday following bullish USDA supply/demand reports and concerns that excessive rains in Argentina could harm the soyabean crop. "The European cash market followed the steep gains in Chicago soyameal following the release of the USDA data. Buyers still remained sidelined banking prices will come down once the South American soyabean harvest hits the market," one broker said.
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