Rapeseed meal futures fell as cooling weather reduced aquaculture feed demand and a narrowing soybean-to-rapeseed meal price spread weakened substitution demand. The article also cites expectations of increased imports and supply, while reporting that the main contract was down 0.23% on the morning of November 9 at 2,214 yuan per tonne.
Seasonally weaker feed demand and expectations for ample imports increase supply relative to consumption, keeping rapeseed meal prices under pressure. Lower soybean meal prices also make rapeseed meal less attractive as a substitute.
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.
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.