
Rapeseed meal prices in China slipped about 1% in early February to 2,570 yuan per tonne amid pre-holiday weakness. Oil mill inventories are at historically low levels, though supply is expected to rise with Canadian and Australian canola arrivals.
Aquaculture demand is seasonally weak in the winter off-season.
Historically low mill stocks support near-term meal prices, but expected March and April arrivals of canola point to oversupply and softer prices later in the spring.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.