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China's soybean crush margins have slid since mid-December as Brazilian import costs rose with CBOT futures and wider cfr premiums. Dalian soymeal and soyoil futures rose but did not offset the higher costs.
Weaker Chinese crush margins may slow crushing and soymeal output, a factor that could limit meal price gains.
argusmedia.comJan 26, 2022After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
