Zhengzhou rapeseed meal futures opened higher, then oscillated and closed up 0.93% at 2288 yuan/ton on November 13, with spot prices following modestly higher. Soymeal rallied and then gave back gains, while ICE canola rose about 0.9% after a holiday-driven catch-up.
Weak downstream demand and a spot premium of 176.74 yuan/ton over futures limit rapeseed meal gains, with Australian canola supplies ample and aquaculture demand seasonally low. Soymeal's pullback and a stronger dollar cap the broader oilmeal complex, so prices are likely to stay range-bound.
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.