# Can high crush margins sustain amid falling soybean meal basis? | Mysteel

> Dalian soybean meal futures strengthened while spot prices lacked momentum, so the basis widened. Crushers cut forward-month basis offers to win volume, with about 90% of one day's trade in forward contracts.

- Date: 2026-02-03 · published 2026-02-03T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/20694-can-high-crush-margins-sustain-amid-falling-soybean-meal-basis-mysteel
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong crush margins encourage heavy crushing, which adds meal supply and limits spot price gains in China.

## Read by commodity

- SBM: neutral

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5112341-can-high-crush-margins-sustain-amid-falling-soybean-meal-basis

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.