China’s Soybean Crush Margins Drop Below Breakeven Following Holiday.
Summary: As of Feb 07, China’s “spot” soybean crushing margin is –44 Yuan/MT, down 197 Yuan from before China’s Holiday. The “forward” margin is -76 yuan/MT, down 201 Yuan from a week ago. The forward margin is 391 Yuan below what it was a year ago. Domestic soyoil’s price rose 5.8%. Domestic soymeal price rose 11.2%. In…