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This week's domestic rapeseed meal spot basis quotes have fallen.
Yesterday, domestic rapeseed meal futures prices fluctuated slightly. Driven by factors including high international crude oil prices, rising CBOT soybean prices, and further easing of market concerns about Brazilian soybean supply, domestic protein meal prices fluctuated yesterday. Rapeseed meal futures prices first rose and then fell, closing flat. On March 19, the main rapeseed meal contract on the Zhengzhou Commodity Exchange closed at 2,443 yuan/ton, unchanged from the previous trading day, and down 49 yuan/ton or 1.97% from the same period last week. This week, domestic rapeseed meal spot basis quotes fell. Currently, domestic rapeseed meal prices are relatively high. Downstream buyers are cautious, and in addition to market expectations of sufficient Canadian rapeseed supply in the long term, wait-and-see sentiment remains strong. Spot market trading is sluggish, and basis is under pressure and declining. On March 19, in South China, the spot basis quote for ordinary egg-based rapeseed meal was RM05-10~+10 yuan/ton, down 10~40 yuan/ton from the previous day, and down 10~20 yuan/ton from the same period last week. This week, domestic rapeseed meal spot quotes fluctuated. This week, the domestic rapese