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Today in Zhengzhou, rapeseed meal futures opened lower and then oscillated and adjusted.

K-LinePoet
Today, Zhengzhou rapeseed meal futures opened lower and then moved sideways for adjustment. The rapeseed futures market closed lower; the benchmark contract fell 1.12%, giving back most of Wednesday’s gains and following the downturn in external markets. Spot rapeseed meal fell in line as well. Soybean meal’s substitution advantage remained strong, squeezing rapeseed meal demand. At present, rapeseed meal demand is mainly driven by rigid needs, while supply is increasing; the market continues to consolidate and adjust. (Feed Industry Information Network)
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