Today, Zhengzhou Rapeseed Meal Futures opened flat, then rose, and then fluctuated downward.

Today, Zhengzhou rapeseed meal futures opened flat, then rose and subsequently fluctuated downward. Canadian rapeseed futures increased, with the benchmark contract closing up 2%, reaching the highest level in two months, reflecting a rebound in Chicago soybean and soybean oil futures. After China and Canada reached a preliminary agreement, the outlook for Canadian rapeseed exports became clearer. However, Canada’s statistical bureau’s inventory data was bearish, limiting the market’s upward momentum. Spot rapeseed meal prices fluctuated and adjusted, while domestic rapeseed stockpiles remain at historically low levels. Weekly rapeseed meal production is nearly zero, and overall demand is weak. In the short term, rapeseed meal is expected to fluctuate. (China Feed Industry Information Network)