First silver and non-ferrous metals, now it's soybean meal?

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Abstract generation in progress

Last night, the Soybean Meal ETF fund issued an announcement

Pre-announcing the recent high premium
Then I specifically checked some data

You can see that over the past six months, the premium of the Soybean Meal ETF has remained high

It’s a bit confusing. A 1-2% premium is understandable, but now it has suddenly surged to over 5%
The underlying of the Soybean Meal ETF is soybean meal futures, and the futures prices are also low. You could just open some futures positions instead of buying an ETF with a high premium
Additionally, ETFs are not LOFs, and the current mechanism makes arbitrage impossible
I don’t know the intentions of large funds
I wonder what the members of Jisi Lu think about this matter

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