# Soybean Meal-Corn Ratio Nearing Highest Levels in Three Years

> DTN reports that soybean meal set new contract highs on heavy volume as US exports rival Argentina's, which has been limited by last year's drought. December corn fell back toward $4.75 support, and the soymeal-to-corn ratio rose from 2.09 to 2.51.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/33764-soybean-meal-corn-ratio-nearing-highest-levels-in-three-years
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong US meal export demand is supporting meal prices against corn, which faces pressure from talk of higher USDA yields and weaker export sales.

## Read by commodity

- SBM: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-12-03 | [Soybean meal pulls soybeans, corn higher – KORN News Radio](https://feedsoft.ai/events/11709-soybean-meal-pulls-soybeans-corn-higher-korn-news-radio.md) | +2.4% | +13.0% |
| SBM | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +7.0% | +7.2% |
| SBM | 2024-02-29 | [Soybean meal prices in Thailand will remain high](https://feedsoft.ai/events/31752-soybean-meal-prices-in-thailand-will-remain-high.md) | -0.3% | -0.6% |
| SBM | 2026-04-10 | [Soybeans Surge with Meal, Corn Falls: Cattle Make New Highs - AgWeb](https://feedsoft.ai/events/11665-soybeans-surge-with-meal-corn-falls-cattle-make-new-highs-agweb.md) | +4.4% | +2.0% |
| SBM | 2025-03-21 | [South American soybean meal basis hits three-month high \| S&P Global](https://feedsoft.ai/events/25655-south-american-soybean-meal-basis-hits-three-month-high-s-and-p-global.md) | -0.6% | +0.5% |
| CORN | 2026-04-10 | [Soybeans Surge with Meal, Corn Falls: Cattle Make New Highs - AgWeb](https://feedsoft.ai/events/11665-soybeans-surge-with-meal-corn-falls-cattle-make-new-highs-agweb.md) | +1.0% | +2.2% |
| CORN | 2025-11-04 | [Soybeans ease after rally; wheat hits three-month high — TradingView News](https://feedsoft.ai/events/6944-soybeans-ease-after-rally-wheat-hits-three-month-high-tradingview-news.md) | +0.3% | +2.8% |
| CORN | 2024-02-08 | [USDA raises corn, soybean ending stocks in latest WASDE \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/31629-usda-raises-corn-soybean-ending-stocks-in-latest-wasde-agri-pulse.md) | -1.4% | +1.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2023/10/27/soybean-meal-corn-ratio-nearing

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.