On November 4, Zhengzhou rapeseed meal futures fell 1.54% to 2168 yuan per tonne, with spot prices following lower. Soybean meal futures also hit new lows of the current decline, and CBOT soybeans fell for a fifth straight session as harvest and Brazilian crop expectations rose.
Rising Australian canola arrivals and rising domestic soymeal stocks (up 94,000 tonnes week on week) point to looser supply, which weighs on feed meal prices and lowers costs for feed buyers.
Not enough comparable past events yet for a historical read.
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.