SunSirs: The Spot Price of Rapeseed meal will be Lowered Accordingly
August 24 2023 14:04:52Latest price of rapeseed meal (August 23): 4068 RMB/ton, bearish in the future
Analysis point: The price on the 23rd fell by 1.41% compared to the previous trading day. On Tuesday, ICE rapeseed futures fell, with the benchmark period closing down about 1.7%, ending six consecutive trading days of gains. On the 23rd, Zheng's rapeseed meal futures fell 2.7%, and the spot price of rapeseed meal was subsequently lowered. After August, rapeseed has gradually entered the receiving season, and the weather speculation has cooled down, weakening its support for rapeseed meal. As the weather cools down and the peak season for aquaculture in the northern region ends, the demand for rapeseed meal in the market has weakened.
Future forecast: In the short term, it is expected that rapeseed meal will fluctuate weakly.
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