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Today, Zhengzhou Rapeseed Meal Futures Slightly Weakened with Volatile Adjustment
Today, Zhengzhou rapeseed meal futures are weak and moving sideways with a downward tilt. Canadian canola futures are up; the benchmark contract closed up 0.90%, marking the first rise in three weeks. The move was mainly driven by higher crude oil prices and strength in overseas markets. There is limited fluctuation in rapeseed meal spot prices. Canola will be arriving at port in batches, which is expected to improve operating rates, make crushing supply relatively looser, and keep the market focused on the arrival of canola in concentrated batches and the pace of crushing. (Feed Industry Information Network)