Soybean Crush Spread
Long soymeal and soyoil versus short soybeans (or the reverse) — the processor’s margin as a futures spread.
Definition
Soybean Crush Spread refers to the processor’s margin as a futures spread. Keep that definition fixed when comparing series, managers, or regimes — renaming the same tape does not create a new signal.
Why it matters
It is a named object desks use to frame risk, positioning, or process. When the processor’s margin as a futures spread shifts, related hedges, limits, and narratives usually need an explicit update rather than a quiet assumption.
Case
Suppose a desk is positioned for the opposite of what soybean crush spread is saying. If the processor’s margin as a futures spread moves against that book, the first question is not “is the story clever?” but whether size, hedges, and stop logic still match the observation.
How to read it
Keep the definition fixed, then challenge it with cross-checks before sizing. Prefer a short written null hypothesis for Soybean Crush Spread: what would falsify the current reading in the next window?
Ask the macro AI about this object
Opens Copilot with Codex + RAG context, or send the object into Alpha Factory intake.