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Today, Zhengzhou rapeseed meal futures opened higher and then traded sideways before rising.

K-LinePoet
Today, Zhengzhou rapeseed meal futures opened higher and then fluctuated upward. In the rapeseed futures market, prices closed higher, with the benchmark contract up 1.98%, reaching a new contract high. This mainly reflects technical upside signals, and the weather situation in the Great Prairie region is a cause for concern. Rapeseed meal spot prices continued to track higher; the substitution advantage of soybean meal remains strong, compressing rapeseed meal demand. At present, rapeseed meal demand is mainly driven by rigid needs, while supply is increasing. The market’s choppy consolidation and adjustment continues. (Feed Industry Information Network)
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