Most commodities in the Chinese market traded higher on Wednesday.

Rapeseed and soybean meal and soybeans all hit their upper limits in Wednesday's early trade. Analysts say the strong growth was due to forecasts for lower than expected US soybean stocks. The US Agriculture Department projects that soybean production in the U.S. and South America will be tight over the next two years while global demand continues to rise. The development prompted the Zhengzhou Commodity Exchange to announce Wednesday that it would lift transaction fees for some institutional investors for rapeseed meal futures contracts. The change will take effect with the start of Friday's night trading session.