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SunSirs reported that the soybean meal average spread on November 8 was -42.30 yuan per tonne, based on October and November reference prices of 3,218.80 and 3,261.10 yuan per tonne. The negative spread narrowed, which the report associated with a slower pace of decline in soybean meal prices.
The narrower negative spread suggests nearby price pressure eased slightly, but it does not establish a change in underlying supply or demand. The signal is mildly supportive for soybean meal prices at the margin.
finance.sina.com.cnNov 8, 2026Not 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.
