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Today, Zhengzhou rapeseed meal futures opened lower and then fluctuated and adjusted.
Today, Zhengzhou rapeseed meal futures opened lower and then fluctuated and adjusted. Canadian rapeseed futures closed higher, with the benchmark contract up about 0.6%, mainly due to the strengthening of the external vegetable oil market and the weakness of the Canadian dollar exchange rate. Spot rapeseed meal prices slightly declined, with overall demand for rapeseed meal remaining weak. Major producing areas such as South China have not yet begun large-scale seedling planting. Feed companies generally adopt low inventory strategies, only maintaining rigid restocking, resulting in oil mills’ rapeseed meal delivery volume remaining at a relatively low level of 9.1k tons. In the short term, rapeseed meal is expected to fluctuate weakly. (Feed Industry Information Network)