European soybean meal prices rise and turnover decreases
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Last Update: 2002-08-07
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Source: Internet
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Author: User
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Introduction: European soybean meal prices largely rose on Tuesday as it was uncertain whether rainfall in the Midwest of the United States brought enough water to soybean growth European soybean meal trading was light as European animal feed producers continued to wait for prices to fall and the dollar to strengthen European soybean meal prices fell sharply on Monday due to the sharp decline of CBOT soybean meal in Asian electronic disk, but the decline of CBOT soybean meal in Monday's open outcry was not significant, so European traders took the opportunity to pull up soybean meal prices to correct Monday's decline In Europe, soybean meal prices in Latin America rose by up to $4.00 per ton, while European soybean meal prices rose and fell from $1.50 to $2.00 European rapeseed meal fell 1 to 2 euros per ton as sellers raised prices on Monday but found little interest in buying There was no report of a deal in the morning One trader said there were still end users waiting for prices to fall further Argentina soybean meal reported $163 to $164 per ton in the middle of last week, with more active market trading Argentine soybean meal was reported at $174 a ton on Tuesday.
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