China’s Soybean Crush Margins Surge on Lower Global Soybean Import Prices and Record Domestic Soymeal Prices.
Summary: As of Oct 04, China’s “spot” soybean crushing margin is 951 Yuan/MT, down 47 Yuan from a week ago. The “forward” margin is 540 yuan/MT, down 64 Yuan from a week ago. The forward margin is 37 Yuan above what it was a year ago. It is rare to see such a large difference in…