On January 31, spot feed meal in Europe fell slightly, and buying sentiment was gloomy

Introduction: odj London, January 31 (odj) news: on Thursday, the European spot feed closed slightly lower, the trend is similar to the benchmark CBOT soybean meal, buying sentiment is gloomy The market speculates that the high yield of soybeans in South America and the long-term pressure on prices have led many European importers to leave the market Traders in the Netherlands say they are not in a rush to buy demand for summer shipping because of the attention being paid to the start of harvesting in South America He added that many of his clients believed that the European soybean meal market would be under pressure from mid February to the beginning of the harvest in March, when Brazil's soybeans would be fully available Higher than normal temperatures in the Netherlands are not conducive to local feed consumption The temperature of this year is higher than that of previous years, and the replenishment is good When the temperature is high, the consumption of livestock for feed will be reduced According to a businessman from a big Belgian international trade firm, Nordic merchants are doing well in replenishment The purchase in February was basically completed, about 60% in March and 50% in April Sufficient replenishment restricts the European market In addition, the strength of the US dollar against the euro has curbed the volume of transactions in the European market, which is denominated in US dollars At 1813 GMT, the euro was at $0.8586 in late London trading, down 0.33% from the previous market February delivery of soybean meal FOB Rotterdam reported $202 per ton, down $2 from the previous day CIF Rotterdam reported delivery of Brazilian soybean cake in February at $204 per ton, down $2 from the previous day CIF Rotterdam for February delivery of Argentine soybean cake reported $179 per ton, down $1 from the previous day On Wednesday, CBOT closed at $149.90 per short ton in March, down 40 cents from Tuesday.