# SunSirs soybean meal average spread on November 8 narrows to -42.30 yuan/tonne after widening

> 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.

- Date: 2026-11-08 · published 2026-11-08T13:36:09.949Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/87602-sunsirs-soybean-meal-average-spread-on-november-8-narrows-to-42-30-yuan-tonne
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/agri/2026-11-08/doc-inixzpau3661662.shtml

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