European feed meal Market Weekly

Introduction: Dow Jones London, June 20 news: as of the week ending Thursday, the price of spot feed meal in Europe is up and down from last week, and the demand is low Most consumers are waiting for the new meal in Europe to be listed Before that, they are reluctant to make a major decision In addition to some sporadic recent orders, European soybean meal, rapeseed meal and sunflower meal turnover is very small A hamburger forager said the volume was small and buyers were reluctant to place orders They expected Europe to start harvesting a lot next month Why rush to buy? In addition, the high temperature weather in summer has begun Livestock will often eat grass outdoors The amount of feed will decrease and the market will be more light There has been a small amount of business in the European feed market in recent days, mainly due to the weakness of the US dollar against the euro, and meal prices denominated in US dollars are attractive to European buyers A Belgian businessman said that he occasionally saw one or two businesses because some European buyers were satisfied with the exchange rate of 1 euro to 0.96 US dollars At 0215 GMT, the euro was 0.9615 against the dollar, up 0.38% from yesterday An Austrian businessman said he estimated that his customers had bought 20% - 30% of the soybean meal needed in August October, mainly due to the weak US dollar They thought the benchmark CBOT soybean meal price was ideal Some of his clients are in southern Germany and Hamburg Traders also said Brazil's soybean meal is expected to fall in recent weeks, with some vessels carrying Brazilian soybean meal expected to arrive at European ports soon There are many ships from Brazil, so we offer a lot, but the demand is limited This week, three Brazilian ships are expected to unload at European ports But he said Brazilian soybean meal pressure would not affect prices in Argentina Many importers will purchase certain soybean meal according to protein content and other indicators due to special needs So weak prices in Brazil do not put pressure on other feedstuffs The CIF Rotterdam price of Brazilian soybean meal in transit was $181 per ton, down $3 from last week The CIF Rotterdam price of soybean meal in Argentina on the way was $169 per ton, up $2 from last Thursday At the same time, the recent European rapeseed meal softer than last week, because the European rapeseed harvest is imminent, the large number of old rapeseed June delivery of rapeseed meal was reported at 112 euros per ton, FOB South Rhine, down 6 euros from last week.