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On November 9, Shandong 60% corn gluten meal was quoted at 4,260 yuan per tonne and 43% soybean meal at 3,070 yuan per tonne. The reported price spread was -0.4 yuan per unit of protein, with a price ratio of 1.39; prices had fluctuated within narrow ranges in recent days.
The comparison indicates the relative cost of two protein ingredients for feed buyers, but the figures show little change in the spread and no clear new price pressure.
ncp.mysteel.comNov 9, 2026ncp.mysteel.comNov 9, 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.
