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Today, Zhengzhou rapeseed meal futures opened higher and then fluctuated with adjustments
Today, Zhengzhou rapeseed meal futures opened higher and then fluctuated and adjusted. Canadian canola futures declined, with the benchmark contract closing down 0.42%, mainly reflecting the retreat of international crude oil and Chicago soybean oil futures. Canada’s canola stockpiles are large, and spring planting in the Great Plains has started smoothly. However, Canada’s canola exports are accelerating, providing support to the market. Rapeseed meal spot prices fluctuate within a narrow range, and Canadian canola has not yet been extensively crushed, but the supply outlook for the distant months remains sufficient. Downstream procurement sentiment remains cautious. Attention is on the recovery of aquaculture demand. (China Feed Industry Information Network)