European feeds-Soymeal slightly lower on dollar, ample supplies.

Soymeal on the European meals and feeds market offered a tad lower, dragged down by a slightly firmer dollar and the outlook for ample global soybean supplies. The market is still under the spell of bearish sentiment and that keeps buyers on the sideline, waiting for the market to bottom out. South American soymeal is mostly offered $4/tn down with slightly firmer CBOT soymeal futures capping losses. EU rapemeal hardly changed as support from the firmer dollar balanced lack of demand and weaker soymeal levels. Rapeseed futures also traded in a tight range.