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THS data show the soymeal/rapeseed meal futures ratio reached 1.44 on November 2, with soymeal at 3198 yuan/t and rapeseed meal at 2218 yuan/t. The article cites a 10-year average ratio of 1.24 and suggests a short soymeal, long rapeseed meal spread.
A ratio well above the normal 1.2-1.35 band encourages buyers to substitute rapeseed meal for soymeal, which can weigh on soymeal demand in China.
news.10jqka.com.cnNov 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
