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Today, Zhengzhou rapeseed meal futures opened higher but then weakened and adjusted.
Today, Zhengzhou rapeseed meal futures opened higher but then weakened and adjusted. Canadian canola futures closed lower, with the benchmark contract down about 1%, falling to the lower end of the trading range, mainly due to increased uncertainty from the Iran war, prompting traders to take profits. Spot rapeseed meal prices slightly increased, but as Canadian canola gradually arrives at ports, it is beneficial for opening rates to improve, and crushing supply is becoming more relaxed. The market is mainly focused on the arrival of canola at ports and the crushing pace. (China Feed Industry Information Network)