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European feeds-Soymeal mixed ahead of fresh USDA data

European feeds-Soymeal mixed ahead of fresh USDA data

Wed July 11 2018


Soymeal on the European meals and feeds market was offered mixed on Wednesday in thin trade on positioning ahead of Thursday’s USDA crop and supply/demand reports.


South American soymeal was offered between $3 a ton higher and $3 lower. Pressure came from ongoing concerns about the trade dispute between the United States and the world’s largest soy buyer China, which also weighs on CBOT soymeal futures.


EU rapeseed was quoted between unchanged and one euro per ton up from Wednesday, supported by a firmer dollar, which underpins products quoted in euros, and worries over rapeseed yields due to a recent dry spell.


Technical weakness in rapeseed futures limited gains.


Source: Reuters

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