Summary of feed market prices in Europe on July 6
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Last Update: 2001-07-11
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Source: Internet
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Author: User
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Introduction: there were few transactions in the European feed trading market on Friday, with only a few reported In early trading, statistics released by the USDA weekly report on soybean meal export sales kept most buyers on the sidelines Argentina's soybean meal in transit is reported to be $195 / ton CIF Rotterdam; Brazil's soybean meal in transit is reported to be $205 / ton; Europe's high protein soybean meal is reported to be $210 / ton FOB Rotterdam Last week, CBOT soybean oil futures, driven by rising soybeans, closed higher The positive factors include short covering, fund buying and stronger palm oil and rapeseed futures, all supported by soybean oil In addition, the arbitrage of buying soybean meal and selling soybean oil to unlock also provides support The US Bureau of Statistics survey, released in mid week, was ignored by the market Soybean contracts surged 80 points to 16.11 cents a pound in August last week.
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