Loading…
On 3 November 2026, Shandong 60% corn gluten meal was priced at 4,200 yuan/ton and Shandong 43% soymeal at 3,140 yuan/ton. The per-protein spread was about -3.0 yuan, with a price ratio of 1.34, within a recent range of 1.32 to 1.34.
Corn gluten meal trading at a stable premium to soymeal on a per-protein basis indicates buyers are not substituting heavily, so both feed proteins keep their current price relationship. The stable ratio suggests no sharp shift in relative feed demand.
ncp.m.mysteel.comNov 3, 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.
