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Today, Zhengzhou Rapeseed Meal futures opened lower and then mainly fluctuated and adjusted downward.
Today, Zhengzhou rapeseed meal futures opened lower and fell, then mainly consolidated in a volatile range. Canadian rapeseed futures continued to rise; the benchmark contract closed up 0.30%, following the upward move in external vegetable oil markets. Cash prices for rapeseed meal fell slightly. In the domestic rapeseed meal spot market, trading remained subdued. Affected by stable operating rates at coastal crushing plants and ample supply expectations for rapeseed meal in the later months, the market stayed on the sidelines, relying mainly on procurement driven by rigid demand, with spot quotations under pressure to fall. In the short term, it will mainly continue to consolidate in a volatile range. (Feed Industry Information Network)