China’s Soybean Crush Remains Profitable and Has Been Relatively Steady Over the Last Month.
Summary: As of Jan 16 China’s “spot” soybean crushing margin was +176 Yuan/MT. That’s down 94 Yuan from a week prior. The “forward” margin was +279 yuan/MT. That’s down 93 Yuan from the week prior. Also, the forward margin was 64 Yuan below what it was a year ago. Domestic soyoil’s price gained 0.8% this past…