# Mysteel weekly: rapeseed meal rebounds on bullish USDA report, short-term range-bound (11.06-11.12)

> Rapeseed meal futures moved with soybean meal and overseas markets during the week, with spot prices averaging 2,411 yuan per tonne, up 3.12%. Crush output and inventories both rose, aquaculture demand entered its off-season, and the soybean-rapeseed meal spread narrowed, weakening substitution demand.

- Date: 2026-11-12 · published 2026-11-12T12:06:54.439Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/95363-mysteel-weekly-rapeseed-meal-rebounds-on-bullish-usda-report-short-term-range
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weaker domestic demand and rising stocks limit upside for Chinese rapeseed meal, so prices are expected to trade sideways with a slightly weaker bias. Feed buyers in China face soft meal pricing near term, with a futures reference range of 2,150-2,250 yuan per tonne.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26111218/922E58DB4F437556.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.