# [Arbitrage] 1.44! Soymeal-rapeseed meal ratio at historic high; soymeal looks overvalued versus rapeseed meal

> 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.

- Date: 2026-11-02 · published 2026-11-02T19:37:40.351Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/75667-arbitrage-1-44-soymeal-rapeseed-meal-ratio-at-historic-high-soymeal-looks
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bullish ▲

## Sources

- news.10jqka.com.cn: https://news.10jqka.com.cn/20261102/c681351743.shtml
- news.10jqka.com.cn: https://news.10jqka.com.cn/20261104/c681452187.shtml

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