China Soybean Crush Margins Remain Below Breakeven on Weaker Meal and Oil Prices.
Summary: China’s “spot” soybean crushing margin today is -50 Yuan/MT, down 5 Yuan from a week ago. The “forward” margin is -61 Yuan/MT, up 39 Yuan from a week ago. Also, the forward margin is 126 Yuan above what it was a year ago. In the June WASDE, the USDA lowered its projection of China’s soybean imports by 1 MMT to…