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The soybean meal–rapeseed meal futures spread reached 911 on November 5, with soybean meal at 3,121 yuan per tonne and rapeseed meal at 2,210 yuan per tonne. The article says the spread is historically high and may narrow as rapeseed meal substitutes for soybean meal, favoring a short soybean meal/long rapeseed meal spread trade.
A wide price premium could shift feed demand toward rapeseed meal and weigh on soybean meal relative to rapeseed meal. The stated implication is spread convergence, not necessarily a broad move in either market.
news.10jqka.com.cnNov 5, 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.
