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Today, Zhengzhou Rapeseed Meal futures opened lower and then fluctuated with adjustments.
Today, Zhengzhou rapeseed meal futures opened lower and then fluctuated and adjusted. Canadian canola futures closed lower, with the benchmark contract down 1.02%, following the decline of international crude oil futures markets. Spot rapeseed meal prices are slightly weak and adjusting. On one hand, domestic demand is sluggish, and coastal inventories have increased month-on-month, easing market concerns about supply. On the other hand, the cost support from soybean meal has weakened, dragging down rapeseed meal prices. In the long term, the expectation of ample domestic rapeseed meal supply remains strong. (China Feed Industry Information Network)