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On November 2, the spread between soybean oil contracts M10 (9,079.20 yuan) and M20 (9,029.00 yuan) was 50.20 yuan per tonne. The spread had widened earlier in the day and then narrowed, indicating that soybean oil gains were slowing.
A narrowing forward spread signals softer nearby demand relative to deferred months, which could weigh on soybean oil prices in the near term.
finance.sina.com.cnNov 2, 2026Not 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.
