# Mysteel Data: Corn Gluten Meal vs Soymeal Single-Protein Spread Trend (20261103)

> 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.

- Date: 2026-11-03 · published 2026-11-03T13:37:09.584Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/77780-mysteel-data-corn-gluten-meal-vs-soymeal-single-protein-spread-trend-20261103
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- CORN: neutral

## Sources

- ncp.m.mysteel.com: https://ncp.m.mysteel.com/a/26110311/6CAD54BDFC5A76A3_abc.html

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