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

Previewed 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 hard to understand. A 1-2% premium is understandable, but now it has surged to over 5%
The underlying of the Soybean Meal ETF is soybean meal futures, and the futures prices are low. You could just open a few 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 collectors on Jisi Lu think about this matter

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