Loading…
Average spot rapeseed meal prices in China were 4,148 RMB/ton on November 3, up 0.24% over the period from October 31 and 14.88% above September 1. Prices rose early on a 4.75% jump in Zheng rapeseed meal futures, then eased.
Expected rising rapeseed meal supply from new purchases of about 1.8 million tons of rapeseed, plus seasonal demand weakness as aquaculture feeding slows, should cap further gains. Strong substitution demand versus soymeal limits the downside.
sunsirs.comNov 7, 2022Not 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.
