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Increased rapeseed imports: uncertainty over rapeseed meal price rebound
Increased rapeseed imports put pressure on rapeseed meal. Statistics show that in October, China's rapeseed imports arriving at port totaled 187,000 tonnes, down 164% from 495,000 tonnes the previous month, but up 153.9% year on year from 737,000 tonnes in October last year. Current port inventory stands at 352,000 tonnes, up 40% month on month and up 89% year on year.
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The corn market situation is relatively complex, with growing uncertainty
According to past convention, after entering June, domestic corn prices would continue to rise, and market purchasing and sales activities would also be very active, but the current domestic corn market situation is somewhat abnormal, mainly manifested in the weak momentum of corn price increases, with market circulation and purchasing and sales activities basically at a standstill
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