Today, Zhengzhou rapeseed meal futures opened higher and then fluctuated downward. Canadian canola futures closed higher, with the benchmark contract up 0.33%, mainly reflecting active short covering, boosted by the strength of Chicago soybean oil futures. Spot rapeseed meal prices fluctuated and adjusted, with China-Canada trade tensions restricting rapeseed commercial buying ships. Supply pressure is not significant, and it is still the off-season for demand, so rapeseed meal is expected to fluctuate mainly. (China Feed Industry Information Network)
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Today, Zhengzhou Rapeseed Meal Futures opened higher and then fluctuated downward
Today, Zhengzhou rapeseed meal futures opened higher and then fluctuated downward. Canadian canola futures closed higher, with the benchmark contract up 0.33%, mainly reflecting active short covering, boosted by the strength of Chicago soybean oil futures. Spot rapeseed meal prices fluctuated and adjusted, with China-Canada trade tensions restricting rapeseed commercial buying ships. Supply pressure is not significant, and it is still the off-season for demand, so rapeseed meal is expected to fluctuate mainly. (China Feed Industry Information Network)