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Today, Zhengzhou Rapeseed Meal Futures opened flat and then fluctuated downward
Today, Zhengzhou rapeseed meal futures opened flat and then fluctuated downward. Canadian rapeseed futures closed lower, with the benchmark contract down 0.46%, mainly dragged down by declines in international crude oil futures and Chicago soybean oil. Spot rapeseed meal prices also declined in tandem, as oil mills in Guangxi began crushing Australian rapeseed. Market expectations suggest that the tight supply of rapeseed meal will gradually ease, coupled with the end of pre-holiday stockpiling for the Spring Festival, leading to downward pressure on rapeseed meal prices. (China Feed Industry Information Network)