According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of domestic rapeseed on August 1st was 6,492 RMB/ton. On August 28th, the average market price of domestic rapeseed was 6,480 RMB/ton, with a decrease of 0.18% during the period. Domestic rapeseed prices remained generally stable in August. Rapeseed consumption is in the off-season, oil mills are operating less, traders are slow to sell, market sources of rapeseed are gradually being consumed, and shipping pressure is not high. Market quotations are mainly stable. In the short term, it is expected that domestic rapeseed prices will remain stable. According to the monitoring of the Commodity Market Analysis System of SunSirs, rapeseed meal increased by 5.85% in August and rapeseed oil increased by 1.29% in August. The downstream product market of rapeseed is relatively strong, providing a certain support for the rapeseed market.

Vancouver, August 28th: Canadian rapeseed futures on the Intercontinental Exchange (ICE) closed lower on Monday, with the benchmark period closing down about 0.30% as rapeseed harvesting in the prairie region has gradually begun. As of the end of the trading day, rapeseed futures fell between $1.30 and $3.40, with November futures closing down approximately $2.20 at $809.10 per ton; The January period closed approximately $2.70 lower at $815.80 per ton; The March period closed approximately $2.20 lower at $818.80 per ton.

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