# Arbitrage: Soybean Meal/Rapeseed Meal Ratio at a Historic High of 1.4; Soybean Meal Is Overvalued Relative to Rapeseed Meal

> 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.

- Date: 2026-11-06 · published 2026-11-06T13:36:50.339Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/84044-arbitrage-soybean-meal-rapeseed-meal-ratio-at-a-historic-high-of-1-4-soybean
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bullish ▲

## Sources

- news.10jqka.com.cn: https://news.10jqka.com.cn/20261106/c681547991.shtml

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