Driven by the strength of CBOT, the price of feed meal in Europe rose

Introduction: osterdowjones, London, April 18: spot feed meal prices in Europe rose on Thursday, while soybean meal in benchmark US soybean futures on Wednesday pulled up in the tail market to benefit European markets Trading volume is small, mainly subject to the instability of Argentina's financial situation Argentina, the United States and Brazil are the main suppliers of soybeans and soybean meal in Europe Chicago soybean meal futures strengthened on Wednesday after rumors that the Argentine government was ready to raise its export tax, which took effect on March 4, but another Argentine rumor on Thursday said the government may not be able to pay the export tax now Belgian businessmen say nothing has happened and the situation in Argentina is very unpredictable Soybean meal import prices go up, but there is no market price Most traders are only concerned about the supply of goods in the near future Dutch traders say prices are rising, the European market is stronger and South America's is stronger The situation in South America is somewhat abnormal, which is reflected by the market Austrian businessmen say European prices are stronger because local processors find it difficult to find South American soybean supplies by the end of May He said buyers are now buying South American soybeans at a higher price, while many predict high yields in Brazil and Argentina will weigh on prices European consumers now need a lot of replenishment Austrian businessmen say Argentina's financial situation is disturbing Europeans think prices should fall, but in fact they don't On Thursday, CIF Rotterdam Argentine bean cake, due in April, was reported at $173 per ton, up $6 from the previous day, compared with $162 in the same period last week CIF Rotterdam Brazilian soybean cake, delivered in April, reported 187 US dollars per ton, up 5 US dollars from last day and 177 US dollars last Thursday FOB Rotterdam soybean meal, delivered in May, was quoted at $200 per ton, up $4 from the previous day In the US, benchmark CBOT may soybean meal closed up $2.70 on Wednesday at $159.80 a tonne At the same time, the European rapeseed meal market attracted some popularity from April to June due to the recent strong price of soybean meal But on Thursday, as the price of soybean meal rose, buyers were also out of the market Hamburger businessmen say that buyers will replenish the grain at any time They see the market is strong, so they think it's best to replenish FOB South Rhine rapeseed meal, due in April, reported 137 euros per ton, up 1 euro from the previous day.