Zhengzhou Rapeseed Meal Futures Slide Today Amid Weather Pressure

According to Jin10 Futures, Zhengzhou rapeseed meal futures opened lower and declined with volatility on July 13. Canadian canola futures surged over 5%, driven by excessive prairie rainfall and European heat waves threatening crop growth. Strength in Chicago soybean and soybean oil futures, along with a rebound in international crude oil, provided additional support. Domestically, rapeseed meal spot prices followed the decline as heavy rainfall in South China disrupted supply flows, forcing some crushing mills offline. Crushing output fell and inventories declined slightly.
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