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On November 6, the soybean meal-to-rapeseed meal futures price ratio reached 1.4, above its reported 10-year average of 1.24 and the usual 1.2–1.35 range. The article says substitution economics could bring the ratio down, and describes a short soybean meal/long rapeseed meal spread as a potential strategy.
If feed buyers substitute rapeseed meal for relatively expensive soybean meal, demand and prices for soybean meal could weaken while rapeseed meal demand and prices gain support. The suggested ratio correction is a market view, not evidence that substitution has already increased.
news.10jqka.com.cnNov 6, 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.
