China’s Soybean Crush Margins Improve But Are Still Below Break-even.

Summary: China’s “spot” soybean crushing margin on Monday was -12  Yuan/MT, up from the previous week’s -24.  A month ago saw the highest that the spot margin has been since December 2016.  The “forward” margin was  -258 Yuan/MT vs last week’s -215.   The forward margin was 136 Yuan below what it was a year ago.  A month ago, the forward margin fell to its lowest in 4…