China’s Soybean Crush Margin Well Below Breakeven.
Summary: As of Apr 12 China’s “spot” soybean crushing margin was -202 Yuan/MT. That’s down 158 Yuan in the past week. The “forward” margin was -74 Yuan, down 217 Yuan in the past week. Also, the forward margin was 112 Yuan below what it was a year ago. Domestic soyoil’s price lost 1.4% this past week. Domestic…