US dollar weakening, European soybean meal transactions tend to be active
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Last Update: 2002-06-01
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Source: Internet
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Author: User
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Lead: Reuters Rotterdam, May 30: on Thursday morning, trading in the European feed meal and feed market began to heat up As the U.S dollar exchange rate fell and the market was concerned about the arrival of Argentine soybean meal, buyers began to buy more soybean meal in the near future One ship is expected to arrive in Rotterdam at the price of 175.50 US dollars per ton of Argentine soybean meal cake on the way this weekend, CIF of Rotterdam, 173.50 US dollars per ton of Argentine soybean meal arriving in Rotterdam in the middle of June, 185 US dollars per ton of Brazilian soybean meal in May, CIF Rotterdam The EU high protein soybean meal delivered in July was traded at US $205 per ton, with FOB prices in Rotterdam Other products have not yet been reported Brokers pointed out that, in the end, they saw a deal in soybean meal, which was mainly due to the weakening of the US dollar, the number of deals was not large, but the number of deals was not small Most of the soybean meal prices have been raised by sellers at present because of the rise of soybean meal futures on the Chicago Board of trade overnight and the weakening of the US dollar CBOT soybean meal futures closed up $1.1 to $0.10 Some dealers said that the situation in Argentina was unstable, which worried the market that Argentine soybean meal might not arrive on time, but at present the European market did not worry too much about it.
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