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On November 13, 2026, 60% corn gluten meal in Shandong was priced at 4,320 yuan/tonne and 43% soybean meal at 3,080 yuan/tonne. The protein-unit spread widened to 0.4 yuan from -0.1 the previous day, with the price ratio rising to 1.40 from 1.39.
A wider spread makes corn gluten meal relatively more expensive per unit of protein, which can reduce its appeal to feed mills and shift demand toward soybean meal. Soybean meal prices are the immediate reference for this comparison.
ncp.mysteel.comNov 13, 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.
